We mentioned the RSI levels for the major indexes in our opening writeup so let’s start there. For new subscribers, when a stock or index clears RSI levels above 70, it is considered oversold. On the flip side, when RSI levels are at 30 and below,...
Read MoreApple earnings have indicated past market tops and ones we have correctly predicted. It wouldn’t surprise us a bit if the same scenario plays out this earnings cycle with an uptick in volatility ahead of the Presidential election. However, the...
Read MoreCommentary Wall Street wrapped up another successful week with Friday’s gains extending the bulls winning streak to six-straight. An earnings beat from NFLX fueled the ongoing rally after shares soared 11% to settle at a...
Read MoreThe Volatility Index (VIX) spiked 18% on Monday after closing at 22.64 with the intraday high reaching 23.03. Tuesday’s peak reached 23.14 with the chart below showing key resistance at...
Read MoreWe often get asked about cryptocurrencies and if they are safe investments to add to a portfolio. For investors unfamiliar with the term, a cryptocurrency is basically a digital token, or coin, that trades on a distributed and decentralized ledger...
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