Technical analysis on the Nasdaq 100, including the market leading FAAMG stocks, followed by analysis on the semiconductor sector via SOXX, INTC & NVDA.
Technical analysis covering the energy sector via XOP, XES & several energy stocks that stand out as potential trade ideas at this time.
Technical analysis on the US stock market & a few sectors that stand out at this time. The video begins with an overview the stock market followed by /ZG (wheat futures), WEAT (wheat ETN); the energy sector via XES, XOP, HAL & CPG; concluding with an update on XBI (biotech sector ETF).
Since the first 3 of the FAAMG stocks (AMZN, MSFT & GOOG) reported earnings after the market close last Thursday, those leading stocks (in green) have posted the following gains as of yesterday's close: FB: +5.40% (reports after the market close today & currently indicated to gap up another 1% at the open today) AAPL: +7.8% (reports after the market close tomorrow) AMZN: +12.8% MSFT: +4.9% GOOG: +4.5% Essentially, both FB & AAPL have rallied inline with the other FAAMGs as if they also already reported & handsomely beat expectations yet they are on deck to report this week. The question [...]
Technical analysis on the U.S. stock market, select sectors that stand out as well as gold, GDX & the US Dollar. Covered in the following order are the outlook for the US dollar, gold & the precious metals sector via EUR/USD, /GC (gold futures), GLD (gold ETF) and GDX (gold miners ETF); the near-term outlook for the biotech sector via XBI along with an update on the CELG (Celgene) active trade; crude oil & the energy sector via /CL (crude oil futures), XLE, XOP, XES & a few individual energy stocks that stand out as potential trade ideas; analysis of the [...]
Today will most likely see the markets trade in somewhat of a holding pattern as investors & traders alike await a slew of earnings reports from several market moving stocks. Three of the five FAAMG stocks; AMZN (Amzon), MSFT (Microsoft) & GOOG/GOOGL (Alphabet) will report earnings & provide forward guidance after the close of trading today along with two other top 10, over-weighted components of the Nasdaq 100; INTC (Intel) & AMGN (AMGN), the 12th largest component & a major player in the biotech sector, AMGN (Amgen). There's not much to add that wasn't covered yesterday: Both SPY & QQQ fell [...]
This video highlights some significant technical developments & key levels to watch in the market leading FAAMG stocks; FB, AAPL, AMZN, MSFT & GOOG/GOOGL. Collectively, these companies account for a 42.43% weighting in the Nasdaq 100 Index, just 5 companies accounting for nearly half of the returns of a 100+ stock index. In summary, the near-term outlook for all 5 FAAMG stocks at this time, based on the 60-minute charts, is clearly bearish. However, with 3 of the 5 FAAMG stocks scheduled to report their quarterly earnings next Thursday after the market closes & the other two reporting just a few [...]