Can economic growth increase and thus keep consumer confidence remain high…if bank lending wanes to the degree that private equity and venture capital investing has already done (which is quite likely)?
The SMH semiconductor ETF has formed a “head & shoulders” pattern. If it breaks below the “neck-line” of that pattern (after already becoming overbought and experiencing a negative MACD cross), it’s going to be negative on a technical basis.
You don't have access to this post on The Maley Report at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.
This post is for subscribers on the Before the Open, All-Access and The Maley Report tiers only