This video provides the outlook for various U.S. & non-U.S. indexes as well as numerous sectors & industries. Highlighted are some of the more bullish & bearish sectors at this time as well as well as a concerning development in which I've noted a recent & clear shift, most likely by institutions (i.e.- the 'smart [...]
As a follow-up to last week's post OpEx Ramp In Effect, Fade Likely To Begin Next Week, it appears to me that the correction that I was expecting to happen this week will most likely begin today with the markets closing significantly lower, quite likely printing a bearish engulfing candlestick. If that does occur, it [...]
An overview of the financial sector via XLF & several of the leading banks & financial institutions and where they are likely headed in the coming months. Discussing in the following order are: HSBC, XLF, BRK.B, JPM, WFC, BAC & C.
FIT (Fitbit Inc) just reported earnings after the bell & is current trading flat to slightly higher (AH trades not reflected in this EOD chart). On watch for a breakout above this bullish falling wedge pattern as a potential bottoming play. Unofficial trade setup at this time as I'd prefer to see how both Fitbit [...]
It has just come to my attention that after pausing the video covering the top 10 components of QQQ earlier today, the recording remained paused until after covering the 4 largest components (3 companies); AAPL, GOOG, GOOGL & MSFT. Here's some of the key technical developments along with potential price targets for AAPL on the [...]
CLVS (Clovis Oncology Inc) has traded mostly sideways since making a clean breakdown & backtest of the 60-minute bearish rising wedge while also failing at key resistance on the daily time frame. With earnings on deck for after the close of trading today, CLVS is likely to gap one way or the other tomorrow. As [...]
The bearish rising wedges on the semiconductor sector ETFs, confirmed with clear negative divergences are still very much intact. The yellow lines on the charts of the 3 big semiconductor ETFs; SMH, XSD & SOXX, are minor uptrend lines, each likely to spark a sell-off if/when broken. The white primary uptrend lines are much more [...]