Tesla ($TSLA) has been getting even more attention than usual lately. Shares are down nearly 30% YTD and this week, price broke a key support level. There are a lot of strong opinions about Tesla out there, but most technicians agree that it would be best to avoid the stock at this point and some even […]
Does the Golden Cross Really Matter?
Well, it’s that time again. We knew this day would eventually arrive. We also knew that when it did arrive, there would be a plethora of reactions on both sides of the aisle. Today the Dow Jones Industrial Average ($DJIA) saw a “Golden Cross”, which occurs when the 50-day MA crosses above the 200-day MA, two closely-followed […]