This Week On Wall Street

Education | Asset Management | Trading

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Chart of The Day

Chart of The Day

A weekly chart of GLD shows the trend line continues to hold as of today's close.  Decent support is in the 112 range.  Very near term support is at 114. Is  this a RTF (re-test failure)?  A re-test failure occurs when an attempt at the old highs is made but fails to...

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Quote of the Day

"You may have a fresh start any moment you choose, for this thing that we call failure is not the falling down, but the staying down." Mary Pickford 1893-1979

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Chart of The Day

Chart of The Day

Technical Analysis is not an exact science but rather an edge to increase probability.  When you can't trust Wall Street (fundamentals) you use charts.  The charts are not always right, but they never lie. Two days ago the Chart of The Day was the SPY.   Once a trend...

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Quote of the Day

"When you create a business, you create something that improves the life of your customer, of another person, maybe of ten people, of a thousand people, of a million people. There's no higher calling." — Paul Zane Pilzer: Economist -  Entrepreneur  - Author

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Chart of The Day

Chart of The Day

A chart of Goldman shows two resistance lines.  One is diagonal and one is horizontal.  Today it closed right at the diagonal  line.  You can also see that it was highly probable that it would catch a bid at support and it did. Is it a dead cat bounce?  Needs to get...

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