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Who Would Have Thought Toys R Us Would Be the Next Victim?
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By rosered44
Toys R Us is buried in debt and is preparing to file bankruptcy.
It’s Amazon’s fault because consumers like us would rather buy toys from Amazon than from Toys R Us. Darn! What is wrong with us?
Overview Today, the SP 500 FUTURES reached a new all-time high of 4,347. After Thursday’s close, the futures continued to rise, and it closed around the day’s high at 4,342 on Friday. The SP 500’s technical analysis and Renko chart trading patterns suggest that the upward trend will continue. In…
Just as expected, the indexes all closed higher today. In the daily chart below, the SAR is currently at 3760. That is about 200 points away from today’s close. The current trend will continue. My guess is we might begin to see a top when the Parabolic SAR rises to…
This is the DJIA weekly chart. I did a Fibonacci extension projection from the 3/23/2020 low. Interestingly, it projected a high of 32168 at the 161.8% level. Let’s see if I did this right. This is a weekly chart so it is not over yet. Today, it hit the all…