Thursday, December 15th, 2016

Expecting a bullish week in major stocks


As the earnings season kicks off in major stocks starting with GOOGL this Thursday, expecting a bullish bias this week in the market. SPX has been pulling back a little after topping the channel but RUT is already bouncing back from the 50 day line. NDX has barely budged from the rise and break it had and still strong here.

The action in CMG is sideways which may lead to higher prices as the short sellers couldn’t push this one down below as buyers kept stepping in. AAPL is looking strong here, and may run up higher towards the $100 century mark. PCLN has been forming a base and you can see the bollinger bands are getting tight, which may lead to higher prices, since it has not broken the 50 day line here.

Comments

One Response to “Expecting a bullish week in major stocks”
  1. Alycia says:

    Heya superb website! Does running a blog like this require a massive amount
    work? I have no knowledge of programming but I had been hoping tto start my own blog in the near future.
    Anyhow, iff yoou have any recommendations or tips for new blog owners please
    share. I understand this is off topic nevertheless I just wanted to
    ask. Cheers!

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

*