A position in which the base currency is sold. It is beneficial when a price declines.
Shooting Star
A single candle pattern that can appear in an uptrend. It opens higher, trades much higher, then closes near its open. It looks just like the Inverted Hammer except that it is bearish. A shooting star can mark a top but is often retested.
Recession
The newspaper definition of a recession is when the GDP rate declines by 2 or more consecutive quarters. The problem with this definition is that it makes it more difficult to say whether the economy is in a recession or not. This definition does not take into account other macroeconomic factors like unemployment.
Pending Home Sales
The measurement of signed real estate contracts for existing co-ops, condos, and single-family homes.