Triple-bearish-on-energy symbol DRIP is the gift that keeps on giving (in addition to ERY). Trade of the year!
From the Monthly chart below of the S&P 500 Index (SPX), we could see it rally another 100 points, or so, to around 2525, before it stalls or a meaningful pullback occurs.
That price level would surpass a 200% external Fibonacci level at 2473.34 and intersect with a +1 standard deviation of a long-term regression channel from the 2009 lows.
Long Apple (AAPL)
Long Goldman Sachs (GS)
Long Marvell Technology Group (MRVL)
Jack Ma is kicking butt and taking names with Alibaba…………
In sharp contrast, AMZN and GOOGL didn’t do dick today. Interesting.