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 [...]
Just a heads up for those not aware, 3 of the 5 FAAMG stocks (i.e.- the leading stocks that have been doing most of the heavy lifting in the Nasdaq 100 in recent months) are scheduled to report earnings after the close today. Amazon (AMZN), Alphabet (GOOG/GOOGL) and Microsoft (MSFT) will be report after the [...]
Identifying divergences between the stock market & various indicators in order to help identify when to be on the look out for a trend reversal. Covered in this video are the charts of the Nasdaq 100, S&P 500, IWM (Russell 200) and the percentage of stocks trading above their 50-day moving average in the Nasdaq. [...]
Most traders & investors are familiar with the term the 'FANG' stocks, an acronym for the high-performing tech stocks Facebook, Amazon, Netflix and Google. Why Netflix, with a market cap of only $60.15B is included instead of the much larger Microsoft (MSFT), which not only has a market cap over over 8x that of NFLX [...]
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.
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 [...]
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.