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 [...]
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).
As this video ran longer than I had anticipated, I'll sum up my thoughts for those that don't have the time or inclination to watch the entire video. Despite the fact that the biotech sector has been drifting higher in a choppy but overall bullish trading range since the February lows, there is very little, [...]
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.
Outlook for the US stock market via the leading index tracking ETFs as well as the top components of the Nasdaq 100.
A detailed look at the chart of the biotech sector ETFs: XBI, IBB & PBE as well as some of the leading stocks in the biotech sector. As this video went a bit longer than I anticipated, I decided to post the daily charts of some of the top individual biotech stocks in static format [...]
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 [...]