Archived Q&A 6/29/2016
MU Forecast 6/27/16
Micron Technologies (NASDAQ:MU) has shown how important it is to take profits into the highest probability liquidity zones. Now that the blue zone has been tested, the selling pressure brought in by the Brexit vote in the UK has reversed the short term trend and has pushed price back down towards the green zone.
SPY Forecast 6/27/16
The S&P 500 index proxy (SPY) has sold off hard as a result of the “Brexit” vote. We still see one last phase of bullish energy, perhaps driven by central bank intervention before this market can top out for good. We are monitoring the situation and will update you as this cycle unfolds…
WDC Forecast 6/27/16
Western Digital Corp. (NASDAQ:WDC) has been pounded by the Brexit selling and this has taken price back down into the Ivory zone. We will be watching to see how this stock reacts to this liquidity pool, and will take long exposure once this wave of selling confirms that it has exhausted itself.
Archived Q&A 6/22/2016
SLV Forecast 6/20/16
The Silver Proxies (NYSE:SLV) power has been degrading badly in recent sessions, and this allows us to forecast that the chances for a bullish breakout are slim at this time. It’s time to bank our gains of 18%+ and free up that capital for new trades in the future…
WDC Forecast 6/20/16
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.
SPY Forecast 6/20/16
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…
MU Forecast 6/20/16
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…
MU Forecast 6/17/16
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…