Facebook Wants More Cat Pics And Less Ads

By | January 12, 2018

Facebook (FB) opened in the regular trading session this morning by moving sharply lower. Shares began the day right about the same level they began trading at beginning of the year. The reason for the drop in price was the company’s announcement of changes to its news-feed. These changes they say, are designed to encourage… Read More »

Bitcoin Price Is Preparing To Make A Big Move – Watch This Pattern

By | January 11, 2018

The horizontal support line and the downtrend line we highlighted earlier today, continue to contain the price action on the 30 minute Bitcoin chart. (follow @rightviewrob on Twitter for updates) As a result a declining triangle pattern has formed above the support line. Price range is compressing and periods of diminishing volatility like this, are… Read More »

Consumer Staple Stocks Stalling – Setting Up Short Shot?

By | January 11, 2018

Many of the consumer staples sector stocks have not participated in the strength in the broader market this week. In fact, in today’s trading several moved below key levels of technical trend line support, closing near their lows of the session. These well-defined early breakdowns offer good risk/reward entry points. But short positions are particularly… Read More »

McDonalds Preparing for a Pullback or More?

By | January 4, 2018

Shares of McDonalds are up 50% over the last year. There are sound fundamental reasons for a rise in the stock price, from wider company profit margins to the change in the California marijuana laws. But McDonalds strong move in is in contradiction to millennial eating habits and the general public’s shift towards healthier lifestyle… Read More »