Mo from Wall St for Main St took a look at the Dow Jones Chart and oil chart and provided in depth technical analysis. He also followed up from one of our shorting ideas in our 2015 review and 2016 outlook report, which is Chipotle.
What did he talked about?
1. He looked at the resistance level that is building up in the Dow Jones and what it means in the near term.
2. Why he believes oil prices will fall between now and 2017. The oil price has failed to break $50 resistance level several times for the past 12 months.
3. Chipotle is in consolidation mode barring a collapse in the stock market and economy. We suggested shorting or buying put options on CMG in our report. He will look at how our idea fared in 2016 and provided a short term outlook on the stock.
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