Recession doesn't go away from investor minds
Day after day, the scenario of recession increase with economic reports showing signals of contraction. People are worried with the actual status of the economy and the future is not so bright. The speculation behind crude oil prices persists, with prices fluctuating in a tight range but very near of $100. Economic reports also are not helping to avoid a scenario of recession, showing that something in going on and an economic contraction is already in place. So, we must adopt a defensive portfolio and attitude every time an economic report will be divulged, because any bad indication will conduct to a sell-off. Bears still controlling the market, but the fear in their side are also evident every time that markets rebound; it’s obvious in the volatility. Be careful guys....
WYNN - The amplitude between the price highs and lows is narrowing in an ascending wedge, this is generally a bearish formation, and the technical expectation is for it to resolve to the down side. In addition the technical chart shows that Stochastcs is currently high, and the %K line has crossed below the %D, providing a sell signal. Keep an eye on her.
LDK - Looking at the daily chart, stock has found resistance at the white 20 day moving average now at $37. At this point it seems that we have room for 3 points run before next support at $29.
JNPR - The Juniper Networks daily chart has kept moving downwards and the strong downward momentum is not likely to end soon. Looking at the daily chart, we can see the dead cross (A Dead Cross is created when shorter moving average crosses below a longer moving average. This is generally considered a bearish signal ). However, it may be too early to be confirmed for a short signal as the 50-day moving average just broke downwards the 200-day moving average. Stay tuned on Juniper.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's All. Have a great evening !!!
AC
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's All. Have a great evening !!!
AC
