Sunday, June 18, 2017

Weekly outlook June 19, 2017

Some of the larger tech stocks starting to show some erosion (AAPL  FB, etc.).  Expect continuation as more stocks start to erode over the next few weeks. If you are holding consider setting stop losses.

GL traders

6 comments:

  1. This setups are find best in market to start with a right ownership in the market to invest better.

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  2. so much for tech weakness or weakness in general, i never get how systems are of any value. EW, cycles, etc, they work by accident, like when w news event happens.

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    1. Vinnie, maybe if you had been following this Blog like I have for nearly 2 years, rather than just popping your head in recently, you would realise like I do that the accuracy and consistency of the calls are among the best out there.

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  3. One day is a trend in your book? I believe that that the mention was "over the next few weeks" not the next day. Pay attention to what is written and not your bias.

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  4. All S&P sectors except healthcare negative. Is that enough erosion for you?

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    1. Collapse in crude was the trigger for previous market routs and will likely be the trigger this time around.
      The Fed on a tightening bias as deflation once again raises its ugly head outs Yellen et'al in a very precarious position.

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