While its stock ticker –
VNOM – is enough to get your attention, Viper Energy Partners has more than an unconventional acronym behind its stellar performance.
S&P 500 lost 5.6 percent of its value in the first half of October. If it holds current levels, that would be the biggest drop since August 2015. Should it continue lower the same amount in the second half of the month, the resulting drop would be pretty much the worst this decade.
The Goldman Sachs Group, Inc. (NYSE: GS) will report earnings before market open on October 16th, Tuesday.
After all, we’re in the fourth quarter – a time of the year with a strong bias to the upside. Consider some of these points we crunched from TradeStation’s wealth of chart data:
The first lesson is to recognize and respect price trends. The S&P 500, after all, made successively lower lows in March, July and September of 2008. Lower highs followed in April and August. This is the textbook definition of a bearish trend.
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