Turning Point for Tech

Published on
December 21st, 2018
13 minutes

Turning Point for Tech

Trade Ideas ·
Featuring David Keller

Published on: December 21st, 2018 • Duration: 13 minutes

David Keller, CMT, president of Sierra Alpha Research, joins Real Vision for the first time to highlight the bear case for U.S. equities, specifically the tech sector. He reviews his thesis, notes specific signals to watch, and explains how to make the trade, in this interview with Brian Price. Filmed on December 19, 2018.


  • DR
    David R.
    21 December 2018 @ 21:35
    Nice to have a market technician although I really wish he'd dived more into the techs!! Love how he said that the technicals lead the fundamentals, and then AFTER the move, typically called in advance by the technicians, the fundamental analysts belatedly revise their after-the-fact reasons as to "why" the move happened, lol. In other words, fundamentals aren't very useful. Like how all those fundamentals analysts said the "economy is strong, bull market will soar in the 4th quearter", and similarly for their expectations of a December rally.
    • DS
      David S.
      21 December 2018 @ 23:50
      David R. - IMO Mr. Keller's statement that technical analysis shows the market turn before the fundamental story explains why it turned is reasonable. Of course, this is a significant benefit for day trading. Is it enough for you make an initial position for a possible longer trade? Do you move more into the trade when you understand the fundamentals? How often do you see this setup? I am just trying to understand the tactics of the trade. Happy New Year! DLS
    • BS
      Buy100oz S.
      24 December 2018 @ 23:26
      Disagree, fundamentals are suppose to be forward looking not just what's happened. Why do trend change, because the participants are forward thinking worsening fundamentals, thus the change in price direction.
    • DS
      David S.
      3 January 2019 @ 07:21
      C. G. - IMO you are correct about fundamentals may be the making the market turn. The question here is when can you first see the change that is driven by fundamentals bets. It may be in the technical. This assumes that someone is making a difference by doing fundamental or technical analysis. DLS
  • JP
    Jared P.
    27 December 2018 @ 07:50
    seems dead cat bouncy rn!! nice call!!!!
  • EF
    Eric F.
    24 December 2018 @ 02:59
    Quality. More of this guy please. Some firmer numbers would have been good.
  • AZ
    Angelo Z.
    23 December 2018 @ 17:55
    Whose got the thumbs down on this? (Shaking head)
  • ML
    Maxim L.
    23 December 2018 @ 13:51
    Great clip. David is great.
  • JF
    Joseph F.
    23 December 2018 @ 00:46
    Excellent. Good call. XLK NOW $59.20
    • JF
      Joseph F.
      23 December 2018 @ 00:49
      Next support XLK 58.11
  • PC
    Peter C.
    22 December 2018 @ 16:59
    Just excellent !
  • BY
    Bowie Y.
    22 December 2018 @ 12:24
    So google is now at $9.75 after market. bear market intact?
  • DH
    Dean H.
    22 December 2018 @ 09:52
    What a great first interview. Please come back often. Well done!
  • RM
    Robert M.
    22 December 2018 @ 08:59
    XLK:SPY is higher than its Jan 18 highs and its recent correction has only brought it back to the top of an up channel which started in 2013. With non recessionary economic indicators, a stupendous selloff, and mucho bear commentary emerging from the woodwork, this is actually the time to buy.
  • DR
    David R.
    21 December 2018 @ 21:36
    I wonder whether Mr Keller, CMT, thinks we're in a 4th wave or an A / 1 wave? Unclear without a chart but it sounds like the latter, though I see it as most probably the former.
  • gg
    georgy g.
    21 December 2018 @ 20:40
    Excellent and to the point
  • Jt
    James t.
    21 December 2018 @ 16:01
    bring this guest on again, sharp, to the point, appreciate laying it out clearly.
    • BP
      Brian P. | Real Vision
      21 December 2018 @ 18:52
      One of my favorite traders this year.
  • Nv
    Nick v.
    21 December 2018 @ 10:01
    Excellent. Thank you