Markets Top5s Analysis for 2016-09-21
Created snapshot of top5s graph database; shunted to goggle drive
Updated /Users/geophf/Documents/OneDrive/work/1HaskellADay/Seer/data/top5s.csv with 2016-09-21 data
Updating graph DaaS at http://top5ssecurities.sb02.stations.graphenedb.com:24789
Oh, dear! Recently reported leader $WFC took a hit today! (not unexpected: yesterday's leader is oftentimes today's loser #patterns). In other news, Gold, everywhere did well, so leaders like $GDX and the wild-ride $NUGT swiftly rose on this wave. So, NUGT another one to watch for its predictable descent tomorrow or within the week. Mark my words.
Let's turn to the Tech sector and have a look-see at $BABA
let's analyze BABA
geophf:writing geophf$ analyze baba
Wrote analysis files for baba
BABA Stochastic Oscillators
Note the trend from the Stochastic Oscillators indicator. BABA rises sharply, analysts warn BABA is 1) risky and 2) Chinese, ICYMI. ... then BABA continues its upward trend.
Sometimes calls for caution are called by risk-adverse people. Just note that.
Also note that, for BABA in this 90-day analysis-window, a sharp upswing is immediately followed by another day of gains. What will BABA do tomorrow? My guess: it will continue to rise.