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 [...]
ONCE (Spark Therapeutics Inc) triggered a price alert & was pointing out as breaking down slightly below this uptrend line during the recording of today's QQQ Top 10 video, with the stock continuing to move lower since. I've added a couple of potential targets (unadjusted/actual support levels) for those that took a short position. I [...]
This video begins with a brief overview of QQQ (Nasdaq 100 tracking ETF) followed by the near & long-term outlook, including some key supports, chart patterns & price targets, for the 10 largest components* of QQQ which alone account for over 50% of the returns of that market leading index. * I had mistakenly left [...]
A detailed look at the near-term outlook, inclduing key support levels & price targets, for QQQ (Nasdaq 100 Tracking ETF).
Member @gonewiththewind requested an update on AMD (Advanced Micro Devices) within the trading room. As there has been a lot of interest in AMD in recent months, I figured that I'd post my thoughts on this runaway freight train semiconductor stock for those that are also following it. AMD is still inside the large bearish [...]
GLD is currently poised to open right on this uptrend line which is fairly significant support. While I'm still leaning towards a move down anywhere from 116 to 113, should GLD hold this support & move higher it could burn through the recent negative divergences that are still intact. GLD 60-min Feb17th close [...]