All time low yesterday in the Nat Gas ETF. Possible bottom fish trade.
Based on the Jobless Claims data over the last two weeks this morning's dismal Employment numbers should not be a surprise. From Bespoke: Today's jobs number was the eighth largest decline on record in the data going back to early 1939. The last time that a larger...
Shares of WM were down over 30% at last week's low. This sharp decline pushed the stock's weekly MACD to its lowest level since early 2000. WM is now testing a major support zone. The $87.00-$90.00 area includes the 2018 highs, the 40 week moving average and the...
Initial jobless claims reach new record.
Absolute carnage in the weekly jobless claims numbers. After a record print last week, it doubled this week.
Price to Book ratios this low have occurred near major bottoms in the past, 2002 and 2008.
Carving out a bottom with a floor at 20?
Might be building out a Right Shoulder on an Inverted H & S Pattern.
When the S&P 500 Index drops more than 10% in the first quarter the remainder of the year is usually quite strong. On average, up nearly 40%. Wow.
89% of S&P 500 stocks have now triggered a MACD buy signal: highest in history!