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July 2016
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Short Interest on Leading Stocks At Multi-year Lows

Short sellers are often vilified by the mainstream media, CEO's of publicly traded companies & many institutional money managers which are forced, by prospectus or other security selection parameters, to maintain only long-side exposure to the market. I won't go into all the benefits that short sellers provide, such as liquidity and sniffing out corporate [...]

Jul 29, 2016 2:17pm|Categories: Equity Market Analysis|Tags: , , , , , |2 Comments

QQQ Top Components at Resistance

The top 5 components of the top-heavy QQQ/Nasdaq 100 are all at resistance on the 60-minute time frames, including several at gap resistance. These are fairly significant resistance levels on the intraday time frames so 60-minute closes above these levels on most or all 5 of these leading stocks would certainly be near-term bullish although [...]

Jun 30, 2016 11:40am|Categories: Equity Market Analysis|Tags: , , , , , , |4 Comments

QQQ Approaching Resistance + QQQ video analysis

QQQ is now approaching the 106.30 R level/50% Fibonacci retracement level where at least a pullback is likely (with additional resistance levels just overhead at 106.50 & 107.10). QQQ 60-minute 2 June 29th After composing the video below, I have decided to modify my trading plan & add back a substantial amount of [...]

Jun 29, 2016 12:30pm|Categories: Equity Market Analysis|Tags: , , , , , , |3 Comments

Market Overview 6-24-16

The video starts with a brief overview of the Pound Sterling/US Dollar (GBP/USD) currency pair followed by an overview of the US equity markets & wraps up with some comments on trading strategies, including some considerations on when to book profits vs. letting a profitable position run. note: It might take a few minutes after [...]

Weekly Market Wrap June 17, 2016

A look at the US equity market via SPY & QQQ with a focus on the top components of QQQ, several of which have broken key support or remain just above key technical levels.

Jun 17, 2016 5:25pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , , |1 Comment

AAPL AMZN FB GOOG Still Poised to Bring QQQ Lower

QQQ has been consolidating within the April 22nd gap while forming a small broadening wedge pattern. While a break over the April 19th highs (111.44) would be bullish, I still favor a downside resolution & watching for a break below 109.40 to spark the next wave of selling. QQQ 60-minute June 7th AAPL [...]

Jun 7, 2016 11:17am|Categories: Equity Market Analysis|Tags: , , , , , |1 Comment

2 down, 2 to go: AMZN, FB, AAPL, GOOG

GOOG: Wedge breakdown (check). Bounce off initial support (check). Next stop, 689. AAPL rejected so far on the attempt to regain the gap while the 60-minute trend indicators flip to bearish. Still awaiting a 60-minute break & close below the minor uptrend line as AMZN fails to take out the 723 [...]

Jun 2, 2016 12:29pm|Categories: Equity Market Analysis|Tags: , , , , |2 Comments
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