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
GOOG/GOOGL (Alphabet Inc) was the first of the market leading FAAMG stocks to report earnings after the bell yesterday & so far, the market's reaction has been unfavorable. Here are the 60-minute charts of GOOG along with QQQ. GOOG has gapped below both the most recent rising wedge/contracting price channel following a divergent high as [...]
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 [...]
As an update to last Thursday's QQQ & Leading FAAMG Stocks Analysis post, below are the previous & updated 60-minute charts (120-min on AAPL) in descending order of market cap, along with the near-term outlook for each of these market leading stocks. The scenarios outlined below hinge largely on the preferred scenario outlined in the [...]
All of the recently highlighted bearish technical patterns in QQQ & the leading FAAMG stocks have now broken down, giving the first decent sell signal on the Nasdaq 100 in a while. The charts of QQQ, AAPL, GOOG, GOOGL, MSFT, AMZN, FB & IWM are covered in that order. Video duration is less than 11 [...]