Chicagostock Trading

Chicagostock Trading

SP500-Tracking the Recent Correction, What Next?

Anyone old enough to remember the euphoric action on May 2, 2012 when Bin-Laden captured? $ES_F $SPY $SPX pic.twitter.com/8xMCd1AWzO

— Chicagostock (@Chicagostock) March 2, 2017

 

 

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Will President Trump Devalue the US Dollar?

Before Mr. Ben Bernanke became Fed chairman, he made a speech before the national Economists Club in Washington, DC. on November 21, 2002, titled “Deflation: Making Sure "It" Doesn't Happen Here.” In these remarks, there were 5 major points Mr. Bernanke pointed out as tools the Fed could use to fight deflation:

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SP500's Consolidation

 

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2016 Top 5 Trends

In no particular order, here were the top 5 major market changing trends of 2016 identified by Chicagostock:

1- DOW JONES CUP/HANDLE TARGET 20K
The stock market started 2016 weak, however recovered the highs of the year by summer, making a U turn. Those that were caught short, bearish, and wrong, were now forced to reverse position, thus creating the cup/handle formation, giving way to expand the U turn up to 20k.
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SP500's ride from 1800 to 2040 with Chicagostock

HOW DID THIS:

 

GET TO THIS?:

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