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Top Citi Analyst: Stocks Will Fall Another 15-20%
Tom Fitzpatrick, a top technical analyst at Citi, told King World News that he expects stocks to fall another 15-20 percent from here. "The price action over the past 3 months remains similar to that...
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ALBERT EDWARDS: 'The S&P Is On The Verge Of The Ultimate Death Cross' (SPY)
The U.S. is already in a recession according to Societe Generale's bearish analyst Albert Edwards. Earlier this month Edwards said companies could see their incomes drop 30 - 40 percent because of...
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An Awesome Breakdown Of The Markets And The Economy
Earlier today, the team at Waverly Advisors gave this presentation giving a technical explanation of what's going on in the markets and the economy. Their three key macro themes are summarized in this...
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Forget The Ultimate Death Cross, Trade The Golden-Cross Trigger
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. Last week, I showed why the “ultimate death cross” is not a...
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UBS: Stocks Will Top In The Next Two Weeks, Then Tumble
Michael Riesner and Marc Müller, technical analysts for UBS, continue to sound the warning bells for a sharp sell-off in the S&P 500. In a new note to clients today, they write: With an increasing...
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Richard Russell Has Identified The 'Most Important Single Index Ever...
Richard Russell, author of the Dow Theory Letters, has his eyes on a Dow index. And it's not the Dow Jones Industrial Average. He writes in King World News: [S]uppose there was an Index that...
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CHART OF THE DAY: The Stock Market Forms 'Strong Bottoms' In Years Ending...
The "Decennial Pattern" suggests a cheery outlook for the stock market. Apparently stocks–during years ending in the number '2'–tend to carve out decisive market bottoms. BofA Merrill Lynch analyst...
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This Awesome Presentation Will Help Investors Avoid Getting Burned By The...
Markets are in the doldrums of late summer as Europe starts to trickle back from vacation – last week, for example, stocks traded in their narrowest range in over 50 years. Earlier today in a client...
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CITI: The Chinese Stock Market Is Breaking Through The Last Vestiges Of Support
One of the ugliest charts of the year has been the Shanghai Composite, which continues to sink to new lows as other global stock market indexes near their highs. Tom Fitzpatrick, Citi's top technical...
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BofA Makes The Case For $3,000 Gold (GLD)
Everyone loves gold these days. Deutsche Bank sees $2000 gold soon. And Citi says it could go to $2500 in six months. BofA, too: the firm recently initiated a $2,400 target price for the shiny yellow...
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Chartology: Apple's Stock Price Is Looking A Little Heavy
After trading lower on Friday, Apple’s (AAPL) stock price looks a bit heavy. Pivot support resides in the 660 area (we’ll give it to 655), and since this area has been tested recently, it would be...
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10 Out Of The Last 13 Days Have Turned Into Disappointment For The Bulls
The market is sinking after being up earlier in the day. Jonathan Krinsky, technical analyst at Miller, Tabak sees an ominous pattern emerging for the bulls. In an email, he writes: So far pretty...
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For The Next Hour And A Half, Everyone In The Market Is Watching This...
From Eddy Elfenbein... The whole world is watching the S&P's "50-day moving average", one of those "technical indicators that people worry about on the basis that if the market falls through it,...
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This is What Stock Market Technical Analysis Was Like in the 70′s
Earlier this week I walked over to the MTA headquarters to find out what Ralph Acampora was talking about the other day. If you recall, at the end of our one-on-one interview, Ralph said that I had to...
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Everyone's Talking About How The Stock Market Bounced Off This Blue Line
The S&P 500 has surged after touching its 50-day moving average, a line that technical analysts like to talk about as being significant, and which is represented in the blue line below. The legend...
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Here's What 8 Economic Cycle Theories Say About The World Today
Economic and market phenomena occur in cycles. The basic business cycle can be loosely defined a series of economic expansions and contractions. But how long are these cycles and how can they be...
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Technical Analysts Have Their Eyes On Two Important Stock Market Levels Right...
It been a chop and drop, grind lower type of market. And for traders, that’s tough… especially those trying to enter swing long positions. That’s why it’s important to understand when and why cash is...
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CHART OF THE DAY: STOCKS PIERCE THE 200-DAY MOVING AVERAGE
OH NO!The S&P 500 fell beneath the famous 200-day moving average.Fans of "technical analysis" will worry that this represents "key support" for the market, and that because it is now below this...
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Forget The Election — This Market Decline Has Been In The Works For A Long...
As momentum, a shifting currency tide and now even sentiment - continues to work against the grain of a slouching equity market structure, many market participants are now just beginning to question if...
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Here's The Thanksgiving Trade That Has Made Money For 9 Straight Years
Thanksgiving is a week away. But if you want to take advantage of one of the more successful trades of the last decade, you'll have to act tomorrow.Jonathan Krinsky, Miller Tabak's Chief Technical...
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