The technical analysis is much more than trendlines and charts… It is understanding the past to profit in the future. The essence of technical analysis – understanding how history repeats in the markets. This concept is lost on many investors.
The Dow Jones Industrial Average just set a new record. It crossed the 30,000 mark for the first time ever last month. While the number itself is symbolic, the rally we’ve seen in recent months has been nothing short of incredible.
Tesla – the electric-car maker and one of the most polarizing stocks in decades – is stepping into the big leagues. So today, we’re going to answer a simple question: “Just how much sway will Tesla have over the market?”
Right now, a lot of folks are worried that stocks are about to start another big decline. That’s a possibility, of course. But as we’ll show you today, it’s not the most likely outcome. In the weeks and months following our 50-DMA breakdown signal, stocks were higher across all time frames, on average. And stocks performed better more often than in all market conditions. Our study shows that rather than this being the time to sell, stocks are likely a good buy today.