by Trent Smalley, CMT | Dec 24, 2018 | Stock Market Trends
Last Wednesday I did a post on the recent strength in Bitcoin, highlighting a near term profit target of approximately $4200. This has been achieved swiftly. There is no asset class which adheres to technicals and sentiment / investor psychology than cryptocurrency....
by Trent Smalley, CMT | Dec 19, 2018 | Bitcoin, Crypto
On the anniversary of its all time high, Bitcoin has staged a rally in the face of a global risk off environment. Near the apex of the falling wedge pattern over the past month, you see some heavy sell volume which might signal capitulation. Investors in this...
by Trent Smalley, CMT | Dec 18, 2018 | Stock Market Commentary, Stock Market Trends
Among the day’s top gainers are a handful of Semiconductor names, often seen as a market gets ready to lead a new leg higher in stocks. I wish I could say this was exciting, but I don’t buy it. For that reason, I am short ON Semi Corp. $ON. Would you take...
by Trent Smalley, CMT | Dec 17, 2018 | Stock Market Commentary
Courtesy of Exodus Market Intelligence we can filter by industry group and see the leading and lagging baskets of the day. Here is a snapshot of the carnage of the day, median return shown on the far right side. These are groups, not individual stocks. Let that sink...
by Trent Smalley, CMT | Dec 17, 2018 | Stock Market Commentary
…Milton said that, in his epic poem in blank verse first released in 1667. Consisting of ten books with over ten thousand lines of verse, high school and college students alike have enjoyed (suffered?) through essays and book reports on this masterpiece for as...
