There are a number of companies that receive much attention from media types and are better known for their investment prowess, including Netflix, Priceline and Chipotle.But today, among these, I will point to Priceline ($PCLN) as a potential short-time mover. The reason is that its weekly “Bollinger Bandwidth” is squeezed and pointing to a huge volatility expansion shortly.Please note below its weekly chart…In addition, its […]
Google FinanceThe markets are sliding early in the U.S. trading session.
The Dow is down 141 points (0.8%).The S&P is down 14 points (0.7%).The Nasdaq is down 64 points (1.5%).Shares of Amazon.com are weighing on the tech-heavy Nasdaq. On Thursday afternoon, the company announced quarterly financial results that were largely in line with expectations.”One factor could be that the company’s sales […]
After two hard days down in the stock market I’m going to take a contrary position and say that this is just a normal profit taking event and that stocks are going to recover and head back up to new highs. I still think this market needs to have a final blow off bubble phase before the bull can die. […]