Western Digital Corp. (NASDAQ:WDC) has been pummeled in recent months, and is showing the behaviors of a fundamentally driven bottom. We will be monitoring how this stock reacts to its next correction, and will expect to take a long entry sometime in the next week or two.
The S&P 500 index proxy (SPY) continues to chop sideways in spite of record, sustained outflows. We are forecasting lower levels of liquidity and increased volatility as everybody waits for the “Brexit vote”. Time to be cautious and stay on the bench…
Micron Technologies (NASDAQ:MU) has gapped up and might miss retracing back to our green zone for entry. We are forecasting that price will retest the highs, and would suggest taking 1/2 profits at that point if an entry is possible to lock in gains, then let the remainders ride as we wait to see how…
Micron Technologies (NASDAQ:MU) has finally digested all its bearish power and has set up nicely for a high odds long opportunity. We are forecasting that price will retest the highs, and would suggest taking 1/2 profits at that point to lock in gains, then let the remainders ride as we wait to see how…
Micron Technologies (NASDAQ:MU) is building bullish power and is poised to reverse and rally in a sustained manner. We are watching this stock and are forecasting that there will be one wave of bearishness that will offer a pullback type entry in the near future.
Western Digital Corp. (NASDAQ:WDC) has reversed and is working its way back down to our zone of focus (Ivory Box). Once price has fully cycled through its recent bearishness, we will see if the power is there for a viable long opportunity in the near future.
Oracle Corp. (NYSE:ORCL) failed to produce a high odds entry scenario. In fact, it entered our previously identified reversal zone (Ivory box) and reversed right on cue…BUT, without any power to drive price up for a profitable resolution. This experience is the norm for the vast majority of opportunities we discover. For every trade…
The S&P 500 index proxy (SPY) continues to chop sideways in spite of record, sustained outflows. This indicates that the central banks continue to remain active and this leaves us in a tug of war situation until the political pressures resolve. In the meantime, the bulls remain in control of this market as everybody…
The Silver and Gold Proxies (NYSE:SLV & GLD) are processing a recent corrective pullback. GLD left us behind without a clan re-entry, but SLV continues to shine. If the power build that we are experiencing currently stays on track, then we would expect to see Gold and Silver break out to the upside…
Western Digital Corp. (NASDAQ:WDC) has been pummeled in recent months, and is showing the behaviors of a fundamentally driven bottom. We will be monitoring how this stock reacts to its next correction, and will expect to take a long entry sometime in the next week or two.
Oracle Corp. (NYSE:ORCL) is working its way through a complex correction on its daily chart. We are watching for an entry to form in this stock, and will update you as soon as that can occur.
