Pardon my absence today in the trading room as well as my lack of updates on the front page. I had a repair technician troubleshooting a spotty internet connection for nearly all of the day today. After reviewing the charts of the US stock indices now that I'm back online, there are a few things [...]
Technical analysis providing the near-term & intermediate-term outlook for the Nasdaq 100 via QQQ as well as the market leading FAAMG stocks; FB, AAPL, AMZN, MSFT & GOOG/GOOGL.
Technical analysis of the US stock market with a focus on QQQ & the market leading FAAMG stocks: Facebook (FB), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT) & Alphabet (GOOG). Note: Video playback speed can be increased via the settings icon. video playback speed
Yesterday I had posted a handful of stocks to watch today as they were scheduled to report earnings after the close or before the open today. Interesting enough, most of those stocks have gapped above or below the key technical levels that were highlighted with some reversing at or very near the key nearby support [...]
Analysis of QQQ & the market leading FAAMG stocks (FB, AMZN, AAPL, MSFT & GOOG) with key support & resistance levels with a relatively quick (~14 minute) video:
On the daily time frame, QQQ is close to backtesting minor uptrend line from below. A failure to regain the trendline will likely see prices fall to at least the 132.90 area. 60-minute trend indicators remain clearly bearish at this time although the bear flag breakdown fell well shy of the measured target with QQQ [...]
QQQ (Nasdaq 100 tracking ETF) has made an impulsive breakdown below the bear flag pattern that was posted early today on the first 60-minute chart below. Bear flags are continuation patterns with essentially 3 waves: The first wave down is marked by very impulsive selling on a marked increase in volume. After the security becomes [...]