Author Archives: Pete Renzulli
Author Archives: Pete Renzulli
CRM Salesforce.com Stock Chart 5.22.19 Before Earnings Hedge funds seeing massive outflows. Smart money leaving the stock market?The footprints don’t lie. I would keep an eye on this statistic.Stocks are set to open flat for the day after yesterday’s bullish gap and sideways action. Typical of August trading. Meaning not much after the open after […]
CONTINUE READINGJWN Nordstrom Inc Stock Chart 8.21.19 Before Earnings Make no mistake about it, the stock market is stuck in neutral. Looking at long-term charts you can see the uptrend, but for initiating new swing trades or day trades, we are hawking day to day price action.So we need to make a decision, do we drop to […]
CONTINUE READINGSPY ETF Chart 8.20.19 The SPY ETF has officially crossed into short-term bearish order flow. The 20 period simple moving average has closed below the 50 sma.However the stock market is primarily trading off daily news headlines causing the SPY to be stuck in a 10 point range.I don’t see a clear edge to build […]
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