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).
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.
There haven't been any significant changes to the outlook for the US equity markets since the most recent updates but with US equity posting gains across the board today, I figured that I'd cover some of the key technical levels to watch along with a overview of the top components of QQQ.
Outlook for the US stock market via the leading index tracking ETFs as well as the top components of the Nasdaq 100.
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 [...]
As I'm now able to focus my efforts on the long overdue process of cleaning up the Trade Ideas category, I am doing so in phases starting with Short Trade Ideas (Setups and Active Trades). I did a once-over of all the charts and placed one of three symbols next to each trade; "OK" means [...]