The lead dog (Nasdaq 100) has now followed every other major stock index to print a daily close below the critical "flashpoint" support levels & with Facebook making the expected post-earnings face-plant, with the stock closing down nearly 9% in the after-hours session following their earnings report & conference call, we now have about as [...]
As a follow-up to the October 17th US Equity Market "Flashpoint" & Target Levels post, in which the critical support levels on the major US stock indices were highlighted, all of those major diversified stock indices broke down & closed below those key support levels today except the lead sled dog, the Nasdaq 100, which [...]
In reviewing the charts of the major US stock indices, other than the fact that the markets continue appear to have stalled out in choppy, sideways range over the last 3+ months, one of the most important developments in recent months is the very clear trend of deterioration in market breadth, particularly in the leading [...]
Here's a quick snapshot of some of the major US stock indices covered in last night's video. The key support levels that were referred to as potential "flashpoints", key support levels which are likely to spark an impulsive wave of selling if taken out, are highlighted in red. The white horizontal lines below are key [...]
The first part of this video reviews the historical performance of one of my favorite intermediate-term trend indicators & how it is best applied when aligned with the primary trend as well as major inflection points in the market. These intermediate-term trend indicators have recently flipped from bullish to bearish on several of the major [...]
The following video provides an overview of the major US stock indices as well as the semiconductor sector. As this video discusses the Active Trade on SMH & SOXL, it is restricted to members of the site. Please login or sign up for your free 3-week trial to view.
This video covers the near-term outlook for the U.S. stock market including some key levels to watch, recent developments & some things to consider leading up to and immediately following the FOMC announcement scheduled for Wednesday of next week.