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 [...]
Exactly 10 days ago, I had predicted in the trading room that the undisputed King of the momentum stocks that has been lifting the leading index, the Nasdaq 100, would drop by over 4% by the end of the following week. While it looks like my timing was off by a few trading sessions, one [...]
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 [...]