Identifying divergences between the stock market & various indicators in order to help identify when to be on the look out for a trend reversal. Covered in this video are the charts of the Nasdaq 100, S&P 500, IWM (Russell 200) and the percentage of stocks trading above their 50-day moving average in the Nasdaq. [...]
Most traders & investors are familiar with the term the 'FANG' stocks, an acronym for the high-performing tech stocks Facebook, Amazon, Netflix and Google. Why Netflix, with a market cap of only $60.15B is included instead of the much larger Microsoft (MSFT), which not only has a market cap over over 8x that of NFLX [...]
A solid break below these intersecting uptrend lines would trigger a sell signal for the worlds largest company (by market cap) & largest component of both the S&P 500 as well as the Nasdaq 100. Of course, support is support until & unless broken so AAPL could very well bounce off these support levels & [...]
Analysis & the outlook for QQQ as well as the largest components of the Nasdaq 100, which account for the bulk of the performance of that leading index.
It has just come to my attention that after pausing the video covering the top 10 components of QQQ earlier today, the recording remained paused until after covering the 4 largest components (3 companies); AAPL, GOOG, GOOGL & MSFT. Here's some of the key technical developments along with potential price targets for AAPL on the [...]
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 [...]
Member @gaucho requested an update on AAPL, which was recently posted as working its way up within a bearish rising wedge pattern. Following the recent wedge overthrow & subsequent move back down into the wedge, AAPL appears poised for an imminent breakdown & move lower towards any of all of these price targets. 60-minute chart: [...]