Stock Charts Today April 18, 2018 | $IBM Massages EPS
Primary topics this morning are the weakness in the Shanghai Composite Index which is very correlated to the S&P 500. Also Bob discusses the IBM earnings numbers and how they beat on earnings despite risking expenses due to favorable tax treatment. In stock charts analysis we review the symbols that our members submit for me to review on video. We will review for our members any stock, ETF, stock market index or cryptocurrency. We leverage our knowledge of the appropriate trading strategy for the current stock market environment. Bob Desmond the President of The Contrarian Trader is a top ranked stock market technician who is renowned for using stock charts and technical analysis by calling a top in Bitcoin and the S&P 500 and a bottom in Gold in 2017. We perform technical analysis of the charts using candlestick charting. Indicators used are the relative strength indicator as well as the stochastic. We are very bullish on the gold stocks and very bearish on the US Dollar.
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****Symbols Are Reviewed In The Sequence Below*****