Technical analysis on the Nasdaq 100, including the market leading FAAMG stocks, followed by analysis on the semiconductor sector via SOXX, INTC & NVDA.
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: [...]
We have perfect backtest of the primary uptrend line on AMZN with today's rally althoug it would take a decent sell signal on the daily and/or this weekly time frame before shorting as backtests can continue for a while at times. Note the corrections following the previous trendline breaks on this 10-year weekly chart: [...]
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 [...]
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 [...]
Technical analysis on QQQ & the market leading FAAMG stocks; FB, AAPL, AMZN, MSFT & GOOG. note: This video was recorded before the opening bell today so the charts are reflective as of Friday's close. The playback speed can be increased via the settings icon on the lower right corner of the video to reduce [...]
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 [...]