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Nasdaq 100 Index

QQQ Potential Double-top

QQQ (Nasdaq 100 Index Tracking ETF) just turned down after testing the recent highs from November 28th. The same divergences that have been in place over the last week or so continue to build & will remain in place on any marginal new high in QQQ. As long as these divergences persist, the odds are [...]

Dec 14, 2017 1:33pm|Categories: Equity Market Analysis|Tags: , |0 Comments

SOXX, Semiconductor & QQQ Update

SOXX (semiconductor sector ETF) continues to exhibit relative weakness by underperforming the broad market trading mostly flat now after fading over 100% of a nearly 1% rally shortly after the open today . Watching for a break below minor support around 167.70 for a possible catalyst for another leg down to test last week's lows.. [...]

Dec 11, 2017 1:39pm|Categories: Equity Market Analysis|Tags: , , |0 Comments

Stock Market, Semiconductor & Energy Sector Analysis (video)

Technical analysis on the stock market via QQQ along with SOXX (semiconductor ETF) followed by the outlook for the energy sector via crude oil & natural gas. Several trade ideas on indivudial stocks & ETFs are included at the end of the video. Note: Playback speed can be increased in the video settings to reduce [...]

SOXX Targets Hit, Bounce Likely

SOXX (PHLX SOX Semiconductor Sector ETF) is now approaching the bottom of the price channel, which was my first target on the daily time frame as covered in the November 27th Semiconductor Sector Analysis video. The odds for a reaction on the initial tag of that trendline, which comes in around 163.35ish, are good but [...]

Dec 6, 2017 11:45am|Categories: Equity Market Analysis|Tags: , , |0 Comments

XLK & QQQ Price Targets

I often refer to QQQ as XLK with an Amazon kicker as QQQ is very top-heavy in the same handful of leading technology companies as XLK. A break below the 62.50 level is likely to bring XLK (Technology Sector ETF) down to the 61.20 level. Likewise, a break below 152 is likely to bring QQQ (Nasdaq [...]

Dec 4, 2017 3:15pm|Categories: Equity Market Analysis|Tags: , , |1 Comment
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