LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Jim Cook Interviews Ted Butler: JPM, Silver Investors & More
By: Ted Butler

Bitcoin's Strong Extensions Warn The Bear May Try To Come Back
By: Avi Gilburt

Housing Collapse 2.0 Continues as Predicted Here Ö as does everything else!
By: David Haggith

The Question of Gold Price Manipulation?
By: Craig Hemke

Precious Metals Update Video: Gold market is oversold
By: Ira Epstein

None Dare Call It Nonsense
By: Gary Christenson

Inured to Bad News, Stocks Waft Higher
By: Rick Ackerman, Rick's Picks

U.S. Global's Holmes confronts the monetary metals sector with proofs of manipulation
By: Chris Powell, GATA

Asian Metals Market Update: May-22-2019
By: Chintan Karnani, Insignia Consultants

Precious Metals Update Video: Gold is a frustrating market to trade
By: Ira Epstein

 
Search

GoldSeek Web

 
Charts for Key Stocks Show How Quickly Bulls Could Turn the Tide

By: Rick Ackerman, Rick's Picks

 -- Published: Wednesday, 23 January 2019 | Print  | Disqus 

https://www.rickackerman.com/wp-content/uploads/2019/01/Not-hard-to-picture-MSFT2.jpg

Iíve bent over backwards lately second-guessing my permabear side, on a hair-trigger as I wait for the short squeeze from hell to begin. Instead, the Masters of the Universe who supposedly control the stock market like itís a PlayStation game can barely muster a decent rally other than fleeting ones on the opening bar. Have I perhaps overestimated the sleazeballs? Probably. Regardless, it all comes down to whether they can consistently push stocks above previous peaks on the hourly chart. This generates bullish Ďimpulse legsí that are the building blocks of a healthy bull market. Lately, the builders have been quite timid, to put it charitably.

Gloomy Headlines

Itís hard to blame them, given the dispiriting drift of the news. Here are a half-dozen sobering headlines just from Tuesday: 1) Home Sales Posted Steep Fall in December; 2) World Braces for Slower Growth; 3) Silicon Valleyís Unbridled Optimism Gets Fresh Reality Check; 4) Stock Marketís Next Hurdle: Tech and Industrial Earnings; 5) UBS Warns Downturn Isnít Over Yet After Clients Pull $13 Billion; and 6) Shutdown Could Hit Already-Lousy U.S. Home Sales.  Sobering facts ó indeed, sobriety itself ó are the last thing Wall Street wants. The idea of carefully measured analysis is anathema to bull markets. Unfortunately for investors, this is exactly what has come to bear recently on erstwhile world-beaters like Facebook, Amazon  and Apple.

I seriously doubt that Apple will be able to recover to new all-time highs any time soon. Even so, and regardless of the glum economic picture, the charts of the following stocks show each of them to be capable of rallying to new all-time highs in as little as three weeks: NFLX, NKE, TSLA, MSFT, GOOG, AMZN and BA.  In fact, AAPL is the exception, with a chart so ugly that it looks like it could take months for the stock to base. (Facebook looks like hell, too, but also potentially feistier.)  Could bulls conceivably romp once again without AAPLís participation, and with the economies of Germany and China imploding? Itís tempting for me to tell you how unlikely and illogical this would be. But as we know, stranger things have happened. If you want a closer look at Rickís Picks, click here to sign up at the top of the home page for a free two-week trial subscription -- no credit card needed. Drop by the 24/7 chat room first ó and be sure to say hello when you arrive!

 


| Digg This Article
 -- Published: Wednesday, 23 January 2019 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.