Trading Channel
Prior updates for Expedia are here, here and here.
At left, we see today’s action closed the gap and then began a potential reversal (not advice, not a recommendation).
Stay Tuned
Charts by StockCharts
The Danger Point®, trade mark: No. 6,505,279
Alignment of The Stars
As the links show, we’re in a seasonal period of higher volatility (first quarter of the year), link here, while being pressured by long-term cyclical forces, link here.
Stay Tuned
Charts by StockCharts
The Danger Point®, trade mark: No. 6,505,279
Not All Gaps are Filled
In the midst of confusing cross currents, links here, here, and here, financial sector ETF, XLF does not appear to be waiting around for an ‘investment’ model.
XLF has now gapped down twice, from all-time highs (not advice, not a recommendation).
Stay Tuned
Charts by StockCharts
The Danger Point®, trade mark: No. 6,505,279
Tide, Going Out
We can almost stop there and just show the chart, but let’s at least say that earnings for EXPE are coming up early next month, link here.
The last update was here.
The wedge trendline in the long-term chart (link above) can be seen on the daily; price action’s oscillating, potentially reversing, in a throw-over (not advice, not a recommendation).
Expedia EXPE, Daily Close
Stay Tuned
Charts by StockCharts
The Danger Point®, trade mark: No. 6,505,279
Below Resistance, then, Earnings
Tesla’s earnings are coming up later this month, link here.
The last update was here.
Since price action continues to hover below resistance (blue line), the expectation builds for an attempt to close the gap before, or at, earnings (not advice, not a recommendation).
Stay Tuned
Charts by StockCharts
The Danger Point®, trade mark: No. 6,505,279
The ‘Elephant’
The top 30% of components for the XLV sector, are drug companies.
Then, comes UnitedHealth UNH, rounding it out to about 36%, of market cap.
No matter what happens with news like this, the overall landscape is shifting, link here.
As for the ‘elephant’, listening to a few select interviews of Ed Dowd via Daniela Cambone, Peak Financial, Gerg Hunter, Thoughtful Money, and others, then, you already know.
Click those names on the side-bar tag, for more research.
Now, on to the chart.
Health Care Sector XLV, Weekly Close
Stay Tuned
Charts by StockCharts
The Danger Point®, trade mark: No. 6,505,279
On The Side of Probabilities
Rydex, Bull/Bear (daily close) has just come off an extreme; labeled Now???
Prior, significant S&P tops are shown (not advice, not a recommendation).
Note: Credit goes to Figuring Out Money for the timely idea.
Stay Tuned
Charts by StockCharts
The Danger Point®, trade mark: No. 6,505,279
Measured Move
Using standard classical analysis technique, Newmont, is nearing its wedge ‘measured move’ target (not advice, not a recommendation).
A ‘wedge’ formation, typically posts near the end of a long duration move, whether up or down.
Stay Tuned
Charts by StockCharts
The Danger Point®, trade mark: No. 6,505,279
The ‘Straight-Up’ Part
Has silver already gone parabolic, or is that part yet to come?
The Fibonacci projections are noted as blue lines.
It’s clear, price action’s respecting those levels.
Next level is near SLV 115 (not advice, not a recommendation).
Stay Tuned
Charts by StockCharts
The Danger Point®, trade mark: No. 6,505,279
Equity Risk
Adding to yesterday’s chart, here’s another one, link here.
Let’s also include this chart.
A few months ago, equity risk was zero, link here.
Today, as the chart in the second link above shows, it’s gone negative.
Stay Tuned
Charts by StockCharts
The Danger Point®, trade mark: No. 6,505,279
The Danger Point® 