Analysis of the US stock market via QQQ, SPY, IWM, SMH & the following market leading stocks: AAPL, GOOG, MSFT, AMZN & FB.
Lots to cover today so I'm going to try to wrap up some of the more significant recent technical developments in this one update. Starting with the SPY & QQQ, both are experiencing impulsive selling so far today following the recent breakdown & back-test of this bearish rising wedge pattern which helps to validate the [...]
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 [...]
The following notes & chart are an update to the SOXX SOXS swing trade idea. Please login or sign-up for your 3-week trial to view.
March 1st: An odd title for a stock market update in mid-April but in reviewing the charts to compose an update or weekly outlook for the market, I kept coming back to the same conclusion; Not a thing has changed in the charts or my expectation for where the US stock market is headed since [...]
The following notes & chart are an update to the SOXX / SOXL (semiconductor ETFs) trade idea on Right Side Of The Chart.