This Could Be the Best of the FAANGs

Apple has been in the headlines lately, but close readers of the news may have noticed Netflix (Nasdaq: NFLX) is also capturing attention. One reason is related to the important question of censorship by tech companies. The Associated Press noted, “Netflix faced criticism…from human rights groups for pulling an episode in Saudi Arabia of comedian Hasan Minhaj’s “Patriot Act” series that criticized the kingdom’s powerful crown prince. The American comedian used his second episode, released Oct. 28, to criticize Crown Prince Mohammed bin Salman over the killing of writer Jamal Khashoggi and the Saudi-led coalition at war in Yemen. Human rights group ...
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Catch These Patterns for the Best Day Trading Profits

Most chart patterns can appear over any timeframe. But a number of unusual-looking patterns often take place over a shorter period of time, such as a day or an hour, or even less. These patterns may not look like anything at first, compared to typical continuation or reversal patterns, but they can lead to powerful returns in a very short amount of time as they unfold. From the oft-occurring ABCD trade to the cup-and-handle to flag patterns, these trades are perfect for jumping in and out of stocks and foreign currencies in the span of a few hours. These patterns show what traders ...
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Apple’s Chart Flashes Important Signals for 2019

Apple (Nasdaq: AAPL) ended the year in an interesting position. Its stock was in a down trend. This reverses a long standing up trend in the stock. Recent lows, marked with a horizontal blue line in the chart, should offer support. But a break below that level could lead to a sharp sell off since that is an important and obvious technical support level on the chart. A break of that line could push the stock towards $100 a share, a price level that sounds impossible but could be within the realm of possibility in a bear market. Analysts expect the company to report ...
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Are Your Charts Hiding Profits From You?

Charts can provide plenty of profitable trading patterns time and again. But they can also be deceiving. That’s because most charts don’t share key data. It can tell you a price point on a given day—which is handy. But there’s more to a price chart than price. For instance, if a stock keeps moving higher day after day, it may look like a good trade. But if it’s bouncing around during trading hours and only barely heading higher, it may not look like the slam dunk that it could be. To find these extreme intra-day moves, and to get an idea of where the ...
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This Crash Alert Indicator Warns of More Downside in Stocks

Many analysts have indicators that warn of a bear market. But many of these indicators don’t work as well as expected. The biggest problem with a bear market indicator is the potential for false signals. That’s honestly a problem with many of the widely followed tools. Even the yield curve, one of the best predictors of a recession and a potential bear market is prone to this problem. Economists often joke that the yield curve has predicted twelve of the last six recessions. Even when the yield curve is right, the problem is that there is too much lead time. And, that ...
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Recognize When to Expect a Flat Trade

Most folks just think of investments as things that go up or down (and even then hopefully just up). But the fact of the matter is, any asset can have a long period of time where it trades in a sideways range, bouncing between a high and low. Recognizing these ranges from a chart pattern is a good way to find short-term trades. It may not be the big grand slam of catching a major move up or down, but it can give you consistent profits time and again. These types of patterns occur in the markets all the time. They’re known as ...
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The Charts Offer a Surprising Message on Tesla

Tesla (Nasdaq: TSLA) is the company that some investors and analysts have an emotional relationship with. Some love the company and others hate the electric car maker. Both reactions seem to be due, in large part, to reactions to the company’s CEO Elon Musk. Musk has been the CEO and chairman of the Board of Directors but agreed to step down in a recent settlement with the Securities and Exchange Commission (SEC). The SEC began investigating Musk after one of his tweets attracted the interest of investors, and regulators. The terms of the settlement would be in the best interests of ...
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Nothing Lasts Forever

There’s a great old saying on Wall Street: The trend is your friend. But what happens when the trend ends? After all, nothing lasts forever. That’s when things can become troublesome for investors. At least, for those who don’t know the signs. That’s because a stock’s pattern can give you a clue that a long-running trend is about to end. And whether that means a stock that’s been going up is about to go down, or a declining stock is about to rally. This is called a reversal pattern. And being able to catch one successfully is one way to grow and preserve ...
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