AAPL (Apple Inc) is now at the "sweet spot" of this bearish rising wedge pattern where breakdowns typically occur. A break below the wedge would likely bring prices to any or all of these potential target/support levels. Negative divergences confirm the bearish nature of the wedge & warn of a likely impending trend change. 60-minute [...]
The US stock market has recently triggered some major sell signals but still has a few key technical levels & developments to watch for in order to help firm up the longer-term bearish case, all of which are discussed in this video.
A look at the short & long-term charts of the Nasdaq 100, QQQ & the top 10 components which are responsible for over 50% of the performance of that leading stock index. The following index/sector/stocks are covering in this order: $NDX/QQQ,AAPL,GOOG/GOOGL, MSFT, AMZN, FB, INTC, CMCSA, AMGN & XBI (Biotech Sector ETF).
A quick (under 7 minute) video on some key technical levels on the top components of QQQ (Nasdaq 100 tracking ETF) to watch for if trading or tracking QQQ.
Although the intraday trading range was somewhat higher that it has been lately with a morning dip answered by a nearly equal afternoon rip, the US equity markets essentially closed flat for the day with the large cap indices (SPY & QQQ) closing the day up 0.19% & 0.18% respectively and the small & mid-caps [...]
Same old story in the broad equity markets although we are finally starting to see some cracks in the "Big Five" that I'm watching (AAPL, GOOG, MSFT, AMZN & FB). First let's take a look at the broad market, starting with SPY. Negative divergences continue to build as SPY grinds slowly but steadily higher on [...]