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.
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 [...]
Several of the key stocks covered in this week's video overview of the top 10 holdings in the Nasdaq 100 and the S&P 500 have officially broken down and closed below the bearish technical patterns and/or support levels that were discussed, with several others, such as TXN and BIDU shown below, poised to follow suit [...]
The following video covers the charts of the Nasdaq 100 along with the top 10 components of the index which collectively account for over 43% of the returns from this 100 stock index. Therefore, where the top 10 go, so goes the market. I plan to follow up with a more abbreviated video discussion of [...]