A breakdown of the bearish rising wedge pattern on AAPL (Apple Inc.) will most likely roughly coincide with a breakout above this downtrend line in the Apple Volatility Index ($VXAPL):
SPY (S&P 500 tracking ETF) has broken down below the 30-minute bearish rising wedge. Now awaiting confirmation via a bearish cross below the zero line on the MACD 9-ema as well as a bearish cross of the 26-ema below the 66-ema. Additional confirmation will come on a bearish cross of the 13 & 33-ema pair [...]
As per my comments & chart (below) from May 2nd, shortly before the AAPL (Apple Inc.) was schedule to report earnings, I had stated: Looks to me that AAPL (Apple Inc) is likely to put in one last thrust higher following today's AH earnings report, either reversing at the top of the current rising wedge [...]
In this video I share a custom indicator that I have created which displays the percentage that an index, stock, ETF, sector, etc... is trading above or below a particular moving average. Detailed instructions are provided on how to create this indicator as well as how to use it to help identify potential rallies & [...]
Technical analysis including key support levels & chart formations on all 11 sectors of the S&P 500 Index in descending order by weighting. Click on first chart to expand, then click anywhere on the right of each expanded chart to advance to the next chart. Once expanded, each chart can be zoomed & panned for [...]
Technical analysis of the U.S. stock market via the index tracking ETFs; SPY, QQQ & IWM as well as the outlook for the market leading FAAMG stocks (FB, AAPL, AMZN, MSFT & GOOG).
A couple of potential market moving events are scheduled this week. AAPL (Apple Inc.) is scheduled to report earnings tomorrow (Tuesday) after the market close. On Wednesday, the FOMC meeting announcement is scheduled for 2:00pm ET. As of today, Fed Fund futures are pricing in a 95.2% probability of no change in the federal funds [...]