Last week the Dow had lost 1.7%, falling to 11,100 for the first time in two years. The Nasdaq had lost just 0.3% and the S&P was down 1.9%, finishing at 1239. The financial sector was the biggest loser falling 6.3% for the week, followed by consumer discretionary with a 4% loss.
Looking at the Dow [...]

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Goldman Sachs (GS) was spotted bearish reversal candlestick formation at the end of last week’s closing. Looking at GS daily chart a possible descending triangle was forming with strong support at 160 levels.
The financial sector has not been performing very well lately with so much negativity couple with rising oil price and unemployment data. It [...]

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The Hindenburg Omen was named after the Hindenburg disaster, the crash of the German zeppelin in late May 1937. It is technical analysis that was developed to predict the potential for a stock market crash.
The Hindenburg Omen is the alignment of several technical factors that measure the underlying condition of the stock market - specifically [...]

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