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Reuters

(Reuters)

Market Moves Constructive Despite Volatility

By The Chartman

Despite the volatility lately, I think the market moves have been constructive. Why? Take a look at the chart below.

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  • 1. NYSE Shows a Reason to be Bullish

    NYSE Shows a Reason to be Bullish
  • 2. Wait for a Gap to Fill

    Wait for a Gap to Fill

    It’s sometimes hard to wait for a stock to fill a gap, but they inevitably do. Such is the case with Facebook (FB), but I’d wait a bit before buying.

  • 3. Amazon Starting to Show Weakness

    Amazon Starting to Show Weakness

    Amazon (AMZN) has been perhaps the strongest of the “FANG” stocks. But even it is starting to show weakness.  I think you can buy it again in the future, but not until it shows some strength. Back next week, and Happy Father’s Day to all the dads out there!

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