Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me to recap some of the more important company specific news out this week. We start with Boeing halting it’s production of the 737 Max aircraft after the FAA said it would not lift the ban on flying the aircraft by the end of the year. We then move to Netflix which just released subscriber data by geographic location. Finally wrapping up the call with comments on Bitcoin as it was 2 years ago that Bitcoin hit its top around $20,000.
Allison Ostrander kicks off today by sharing a new indicator that she recently developed. Claiming that this indicator can be a crystal ball we look at a few charts that Allison is trading heading into the weekend.
I asked Allison off mic about GLD, GDX, and SIL. Here is what she had to say…
Last week GLD printed a bullish divergent bar and saw follow through off a higher this week. This week appears to be a normal bar for GLD.
GDX and SIL were both similar to GLD bullish divergent bar last week and follows through with a higher high this week. And the current bar appears to be normal
I will note that GDX did make a bullish divergent bar last month (November) on a monthly chart, so this month or in next couple of months there is a high probability GDX will see a higher high above 28.16
Allison Ostrander, Director Of Risk Tolerance and Options Trading at Simpler Trading joins me to discuss the launch of Disney Plus. We start with a look at the Disney chart then move to some of the other streaming services, including Netflix and Amazon.