Why The Market May Be Set for an Extended Consolidation
I mentioned in Monday’s Watchlist Update that I think the market is trying to form a bottom. This isn’t an overnight process, and it’s going to take some time before we know for sure that
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I mentioned in Monday’s Watchlist Update that I think the market is trying to form a bottom. This isn’t an overnight process, and it’s going to take some time before we know for sure that
I’ve written several articles in recent months explaining why I think BTC – the world’s biggest digital currency by market capitalization – is set for a massive crash. Of course, the price is already down
Regular readers know that big bases can lead to big breakouts… This price pattern is characterized by a relatively tight trading range following a large move up or down. Not much happens inside the base,
In Monday’s Watchlist Update, I explained that the new leaders of the current market environment seem to be biotechnology companies. Chemical, shipping and energy stocks had their run earlier this year, but as time went
In late May, I gave you several key support and resistance levels for the S&P 500 index that I continue to have my eyes on. At the time, the index was trading in a sideways
In our June 6 Watchlist Update, we asked if the market low was already in. At the time, the lows from May 20 were holding across the major indexes, and we saw a bullish follow-through
It’s been a while since we’ve talked about price patterns… But given that one of this week’s Watchlist stocks is forming a “cup and handle” pattern, I wanted to take some time to review that
MicroStrategy Inc. (MSTR) was one of the top success stories of the post-pandemic stock boom… But we’ve actually never talked about it here in Stock Surge Daily. Given how this story has developed, I have
The markets have been consolidating in a tightening range over the past two weeks, as you can see highlighted on the chart below. This is very similar to what happened from mid-February to mid-March, which
I’ve talked a lot about the four stages of the stock cycle, an idea originally pioneered by legendary trader Richard Wyckoff. The cycle is made up of four distinct stages that have been repeating themselves
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