There haven't been any significant changes to the outlook for the US equity markets since the most recent updates but with US equity posting gains across the board today, I figured that I'd cover some of the key technical levels to watch along with a overview of the top components of QQQ.
This video covers the near-term outlook for the following securities in this order: QQQ, SPY, MDY, IWM, AAPL, GLD, GDX, UUP, USO & UNG:
So far, AAPL has failed to follow through on the bounce off this critical support level & based on the longer-term bearish case that I've been making on Apple for quite some time now, it would appear to me that it is only a matter of time before this level gives way. most likely sending [...]
Outlook for the US stock market via the leading index tracking ETFs as well as the top components of the Nasdaq 100.
This video highlights the fact that the US equity markets are at or just below major resistance level while recently breaking down from bearish rising wedge patterns on the 60-minute time frame. While some indices, such as the Russell 2000 Small Cap index, are in a confirmed near-term downtrend (i.e.- a series of lower highs [...]
AAPL (Apple Inc.) has hit the sole official price target for a quick 2-day, 7.4% gain. Consider booking partial or full profits and/or raising stops if holding out for the unofficial T2 at 104.95. I also just wrapped up a video discussing the near-term outlook for the equity markets in which I briefly cover AAPL, [...]