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The Chartman

Market Moves Constructive Despite Volatility

By The ChartmanFOXBusiness

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


2. 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 (NASDAQ:FB), but I’d wait a bit before buying.

3. Amazon Starting to Show Weakness


Amazon (NASDAQ: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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