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That’s because a new bullish uptrend has started. If the market price crosses over and falls below the moving average, it’s time to sell (bearish position). That’s because a new bearish downtrend has started.
Today shares of Facebook Inc (NASDAQ:FB) are down over 1.5%. The social media giant was downgraded and as a result the stock is seeing red, while the major indexes are slightly green. Earlier today members were given a level for a trade at $74.50 based on proprietary techniques and easy money ...
The iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB) is surging again today after another bio buyout. Roche Holding Ltd. (VTX:ROG) bought out InterMune Inc (NASDAQ:ITMN) for $8.3 billion. This biotech index double top is going to be a sick shorting level and has almost arrived. The level on the chart is $275.00 and is about 1% away now. Look for this level to be hit later this week. I will most likely be initiating a short at this level.