McDonalds: A Bearish Reversal Pattern On The Daily Chart

By | June 12, 2018

Shares of McDonalds (MCD) have labored to retrace the February drop in the stock price. In the four month process that followed they formed several consolidation patterns, depending how you draw the lines. The first looked like an inverse head and shoulders formation, and then a complex right shoulder developed. After that, a small descending… Read More »

The FANG Stocks And Their Influence On The Broader Market

By | June 4, 2018

The Nasdaq Composite is an index of over 3,300 common equities listed on the Nasdaq stock exchange. It is up 10% since its April low this year. An impressive two month gain. The index is a market-value-weighted index. That means its components are weighted according to the total market value of their outstanding shares. Currently,… Read More »

Bitcoin Chart – An Important Technical Test In Time And Price

By | June 1, 2018

Bitcoin is nearing an intersection of key resistance. The integrity of this level could determine the intermediate term direction of the cryptocurrency. The trend for the last month has been lower. A steady series of lower highs and lower lows can be seen on the daily chart. They have delineated a well-defined downtrend line that… Read More »

These Are The Bottom Line Levels To Bail On The S&P And The Dow

By | May 29, 2018

There are several ways to look at the S&P 500 Index and the Dow Industrial Average daily charts. One view is that they are rolling over after breaking out of three-month triangle patterns and then failing to maintain upside momentum; another could be that they are bouncing between levels of support and resistance supplied by… Read More »