Markets appear to be gripped by growing anxieties about the possibility of a flu pandemic with all of the accompanying negative consequences on an already vulnerable global economy.
Despite the lamentable fundamentals in commercial real estate, the price action is suggesting that traders are already seeing those apocryphal green shoots on the horizon.
Clive Corcoran notes that, with earnings season now in full force, this would be a good time to move to the sidelines with a view to stalking short positions on the broad market if signs of a tradeable pullback emerge.
Harley Davidson (HOG) appears to be running into serious resistance just below the 2009 high level and the striking shooting star pattern would keep this chart on Clive Corcoran's Watch List for the short side in coming sessions.
Copyright 2024 Tiger Shark Publishing LLC . All rights reserved.
It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
Free Festival of Traders Videos
full story
printer version