Since this "miracle" rally began after Christmas, many investors have wondered when shorting seems like an option. In my opinion that time has pretty much arrived. Of course during this rally there were some small short opportunities but then again trading against the trend can be tricky and costly aka "The trend is your friend".
On the other hand we have of...
Turbulent days/weeks for Tesla and Elon Musk.
After Musk's tweet saying he planned on taking Tesla private for $420 (20% higher than the price at that time) spurred a major bull run the troubles began.
First of all he mentioned that the funding was secured...which it wasn't. Possible investor was a Saudi controlled investment company which seems to be backing...
As you can see Alibaba moved up on Wednesday just before the support at $164.20. Mainly because of the news that Alibaba launched an Amazon Prime-like concept called 88VIP.
The day before that it was announced that Kroger would partner up with Alibaba to sell their products in China. Such partnership wouldn't be only good for Kroger it would possibly generate...
The German leading index charged through a daily trend today fueled by the escalating news from Turkey.
As you can see we're closing in on the trend line that was formed in 2016 after the "15-16 sell-off".
With the 10 day RSI indicating "oversold" a rebound to the previous trend line (12350) is a possibility after which I'm expecting another down turn and...
