Weekend Market Analysis 08/23/2014 [HD]

2 years ago
11

Everywhere across the major world markets it seems like we are due for a pullback in the coming week(s).

If the resistance on the daily charts is cleared then we might have another fantastic short-term spike in prices.

If you have any of the emerging market ETFs them make sure to have stops in place (5% to 8% from your purchase price is always ideal) because some of them are failing to hold their weekly buy points as discussed here; https://www.youtube.com/watch?v=R0wvg8Go8Zc

Some other stocks like ANET [$75.62], FB [$74.57], and KNDI [$19.28] are seemingly finding it difficult to hold above their specific breakout entry prices so stops are needed there too.

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