ARTICLE SYNOPSIS...Strong stocks tend to correct in sideways channels. Divergence in the MACD histogram and the stock price are a signal that the consolidation may be ending and the next move is likely to be a continuation move.
ARTICLE SYNOPSIS...Verizon Communications consolidated after its head & shoulders bearish breakout. The stock is likely to resume its breakout journey and may open good short-selling opportunities.
ARTICLE SYNOPSIS...The Financials Select Sector SPDR has now been in a downtrend for more than a year, but the worst is yet to come. XLF is on the verge of spiraling down as Elliott wave 3 gets under way.