Fading Facebook

Fading Facebook

Facebook doesn’t set up as a low risk buy very often.  It is now.  There is a solid support zone in place just below current levels($149.00-$146.50).  This area includes the initial 2018 low set back in late March near the upper band.  This level has held the...
Apple Crushed

Apple Crushed

Apple is falling hard today.  The stock is off over 7% on very heavy trade following last night’s earnings report.  This is a sharp reversal from the pre-earnings action.  Yesterday $AAPL marked its third straight gain on its heaviest upside trade since early...
Crude Oil Under Pressure

Crude Oil Under Pressure

Crude Oil($USO)continues its steep slide from its October peak.  One month ago $USO reached new 2018 highs as it extended its rally since the 2017 close to 35%.  Since then crude has struggled mightily.  This week has been particularly painful.  Yesterday the $USO...