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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...

Paris

Paris

Events

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*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...

Thursday, March 22, 2018

The Fate of Facebook's Momentum About-Face

The following monthly chart of FB shows that price has plunged to near-term support defined by its longer-term uptrend channel median and 23.6% Fibonacci retracement level (166.22).

The reversal from its all-time high made last month has been accompanied by accelerating (to the downside) Momentum (peaked in October 2017) and Rate-of-change (peaked in September 2017) technical indicators which, in fact, reversed well ahead of price.

Neither of these two indicators have broken below their respective zero levels since the early months following FB's IPO. A drop to, and hold below, zero on this monthly timeframe on these indicators could spell serious trouble for FB in the longer term. In this regard, watch for any drop in price to, and hold below, its next support level around 148.00 (channel bottom plus 40% Fib retracement level).


And, the fallout from their data-mining activities of their users' personal information begins...and escalates...



ZeroHedge.com


Reuters.com

Reuters.com

ZeroHedge.com

ZeroHedge.com

ZeroHedge.com

FB Monthly chart -- Monday. March 26/18 @ 11:55 am ET

Bloomberg.com

Bloomberg.com

FoxNews.com


FoxBusines.com

ZeroHedge.com


Clip of 2009 BBC Interview with FB CEO

April 4/18

Source: Fox.Business.com
April 4/18: This is NOT good news for FB (or GOOG)...

ZeroHedge.com April 5/18

ZeroHedge.com April 6/18
And, now this! They've really got a lot of nerve...unbelievable!