Here's a mosaic of 1-minute charts with a few of the things that stand out to me so far today highlighted in red, namely the considerable fade of gains in 2 of the 3 market leading FAAMG stocks that reported earnings after the market close yesterday, with INTC & the semiconductor sector also trading sharply [...]
As a follow-up to the recent update on the SOXX / SOXS Active Short Trade, highlighting the objective short entry or add-on to that position as SOXX is currently backtesting the recently broken primary uptrend line from below, here's a few leading semiconductors stocks that help to support my case that the semiconductors are most [...]
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.
There's still a bit of work to be done to confirm breakdowns on SMH & SOXX although XSD gave up the ghost (so far) today with an impulsive breakdown below its bearish rising wedge pattern: XSD daily March 21st I believe there is enough evidence in the charts today to add any of [...]
INTC (Intel Corp) has broken down below the uptrend line off the Aug 2015 lows, opening the door for a move down to at least the 33.50 support level, should the stock fail to regain & close back above that trendline soon. Still awaiting an impulsive break & close below this bearish rising wedge pattern [...]
Detailed technical analysis on the semiconductor sector via the ETFs; SMH, XSD & SOXX as well as several of the largest semiconductor stocks, including critical support levels/sell signals & price targets.
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 [...]