Russell 2000 Index Tracking ETF
Stock Market, Gold & Sector Analysis 6-20-17 (video)
Analysis of the US stock market, various key sectors including gold & GDX.
Market Wrap & Miscellaneous Comments 6-15-17
Following a gap down today, QQQ reversed right at Monday's reaction low, which was support. A break below that level (~137.45ish) in the coming sessions would likely spark the next wave of impulsive selling while there is still plenty of work to do on the upside to undo Friday's bearish technical developments. 60-minute chart: [...]
Near-term Stock Market Analysis
QQQ has now retraced 61.8% of the recent drop, a typical Fibonacci retracement level of a counter-trend rally. My preferred scenario has QQQ reversing soon with a move down to the 136.54ish level before the next significant reaction. Should that support level break with conviction, a move down to the T2 zone is very likely. [...]
Market Wrap for June 12, 2017 (video)
This video provides an overview of the recent price action in several key sectors & indices as well as some key technical levels and developments to watch for going forward. As the broad market has been grinding around in a sideways to slightly higher range in recent months, most of my analysis has been focused [...]
FAAMG Stock Analysis & Update
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 [...]
Stock Market Analysis 6-12-17 (video)
An overview of some of the important technical developments that occurred in the stock market on Friday including an unusual disparity between the Nasdaq 100 & the rest of the stock market. Various indices & sectors are covered along with price targets & key technical levels as well as a few important developments worth monitoring [...]
QQQ, IWM & FAAMG Stock Analysis 6-9-17 (video)
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 [...]