TRADING TIPS

FB: Will It Be Good or Bad for the Markets?

Hubert Senters here. Let’s take a look at Facebook. I think they’re reporting earnings after the close. You don’t. Well, let me check here really quick. They don’t have an hourly buy signal but they may get good or bad earnings. I just want to make you aware of that overhead resistance is going to be in the area of $150 on an hourly cloud charge so about $150. Let me pull this in so you can see it so overhead resistance $150. If they clear that it could be a good sign for the market. I don’t think they’re going to. I think what’s going to happen is they’re going to gap up into the $165 area potentially on the daily cloud and then sell back off after that and heads up they could miss earnings and gap down and go all the way down to $120 so be careful with that. Mark Helweg and I are going to be doing a special webinar on ‘’How to Potentially Profit from Current Market Volatility’’ by taking small risks for potential large gains. Webinar takes place Tuesday, October 30th at 8PM EST. When Kentucky has decided to celebrate Halloween even though it’s not even anything close because we’re afraid that it may rain on our kids so that’s how Kentucky rolls I guess. Anyway, I will HYPERLINK you to this page. Good luck. Hope it helps. And I’ll see on the next video. Hubert.

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