In the 1880s, a partner dance called the tango originated in Argentina. Now U.S. President Trump and President Xi of China have orchestrated a successful tango at the G-20 meeting in Buenos Aires calling for a truce in the trade war.
Is foresight more valuable than hindsight, especially to stock market investors? The week before the positive news, we wrote in the Arora Report’s Morning Capsule: “Both sides want a deal. The probability of the market going higher on Monday (after the meeting) is fairly high.” Many were predicting a failure in Argentina, and some expected a big decline in the stock market.
There is now a bullish technical pattern developing in the stock market. Let’s examine the issue with the help of a chart.
Please click here for an annotated chart of S&P 500 ETF SPY. A similar conclusion can be drawn from the chart of the Dow Jones Industrial Average DJIA but the charts of Nasdaq 100 ETF QQQ and small-cap ETF IWM look different. Please note the following from the chart:
• The chart shows the left shoulder, the head and the right shoulder.
• The chart shows the neckline.
• The chart is showing the potential formation of an inverse head-and-shoulders pattern. This is bullish if the pattern actually forms. If the pattern fails, that will be of concern.
• The pattern will be complete if the neckline is broken to the upside.
• The chart also shows the resistance zone.
• The resistance zone is not that far away. This indicates some caution.
• The chart also shows that RSI (relative strength index) is entering the overbought region. This also indicates some caution.
• So far the volume has not been what I would have liked for a long-term sustained rally.
Bullet Proof Your Portfolio And Increase Your Returns — Prepare Now As The Character Of The Market Is Changing
The next few years in the markets are likely to be very different from the last nine years. Astute investors are preparing now by increasing their knowledge and skills to extract profits and avoid losses from what’s ahead. Over the years, the evidence is clear that investors who have attended the Bullet Proof Your Portfolio and Increase Your Returns coaching seminar generate dramatically greater profits and take less risks compared to investors who have not taken the seminar. Investors have told us that this seminar completely transforms the way they trade and invest. Today is the last day to save $2,405 to fine tune your skills for what is to come in the future. It pays to be proactive and get ahead of the curve. Act now by clicking here
Several investors have noticed that lately I have been emphasizing special situations. Those who do not subscribe to The Arora Report are asking for examples. Here is an example: On Nov. 16, The Arora Report gave a buy signal on Tesaro TSRO with an average buy price of $34.61. The Arora Report gives targets at the time of issuing a buy signal. On Nov. 16, when the stock was trading in $30s, we wrote: “It will not be surprising to see a buyout north of $75.”…Read more at MarketWatch.
A knowledgeable investor would have turned $100,000 into over $1,000,000 with the help from The Arora Report. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 2% of the content from our paid services. …TO RECEIVE REMAINING 98% INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES, TAKE A FREE TRIAL TO PAID SERVICES.