Wall Street is coming off a tough week for the major indexes. Nasdaq clocked a 3rd straight week of losses, and has gone into the correction territory after falling more than 10% from July’s high.
The S&P 500 also capped a 3rd straight losing week, declined 2% for the week.
Detached House
Kraks
:
The 100 MA has cut down the 200 MA which isn’t a gd sign at all. So, any rebound, price tends to be shallow. So have to wait until this trend is over. In short, not a time to quickly average.
KC67 Chan : Will it continue a losing streak ?
Kraks : Any comments on Shopify?
103365182 : Will be more coming soon.
Cow Moo-ney OP Kraks : Sorry i don’t quite follow the company
Cow Moo-ney OP KC67 Chan : Probably?
Detached House Kraks : My technical view is stay out if you don’t have for a few weeks. Weekly chart sucks for SHOP.
Kraks Detached House : I am losing 20% now, bought after 17% falls. I need to hope in next year recovery I guess
Detached House Kraks : The 100 MA has cut down the 200 MA which isn’t a gd sign at all. So, any rebound, price tends to be shallow. So have to wait until this trend is over. In short, not a time to quickly average.
Kraks Detached House : Better sell a loose, or just wait for the long run?
Kraks : support is supposed to be at 47