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 [...]
A look at the pending sell signals & key support levels on the broad market tracking ETFs; SPY, QQQ, MDY & IWM along with a handful of the leading stocks in the Nasdaq 100; AAPL, GOOG, MSFT, AMZN & FB.
On watch for a breakdown below all of these 60-minute uptrends lines on these leading stocks (AAPL, GOOG, MSFT, AMZN & FB) of the leading index (QQQ/Nasdaq 100) as that will most likely trigger the aforementioned sell signals that on watching for on the 60-minute charts of SPY, QQQ & IWM.
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 [...]