ClearValue Team Insights
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JBLU Nosediving to All Time Lows
JBLU appeared on my bearish scanner for next week. There was a recent rejection at the $7 price level, and JBLU has been trending down towards all time lows around $3.41. With a bearish seasonality trend JBLU is likely to continue dropping to these all time lows for a potential buy opportunity there. Follow me […]Read More
IWM Continues to Struggle in the White Resistance Zone
IWM has been trading within the white resistance zone between $205.31 and $210.44. IWM has been struggling to break through this resistance barrier, and is trending for a red day due to the stock market’s selloff after July CPI numbers were announced. With rate cuts approximately 1 month away, IWM will need to form a […]Read More
NASDAQ and S&P Turn Red Despite Strong July CPI Numbers
July CPI comes in better than expected, and is below 3% for the first time since March 2021. The markets are preparing for rate cuts in September. Yesterday I warned that there could be a selloff after the July CPI announcement. We saw a similar trend last month where the markets rallied ahead of the […]Read More