There has been a powerful trend towards indexed investing in recent years. This video highlights the impact of that indexing on the largest mutual funds as well as the FAAMG stocks. *Edit* I just realized this video was cut off towards the end during the discussion of the Fidelity Contra Fund. If you pause the [...]
Technical analysis of the US stock market via QQQ & SPY along with the 11 sectors that comprise the S&P 500 Index. Playback speed can be increased by clicking on the settings icon at the lower right corner of the video in order to reduce playback duration.
Nov 15th: "Should IWM break out, the first targets & likely stopping points for any rally would be 147.43 then 148.37 (first two horizontal lines overhead)." Yesterday, IWM hits a high of 148.40 before reversing into the close. Should yesterday's highs not prove to be the end point for the bullish falling wedge rally, the [...]
IWM has now hit the 148.37 falling wedge breakout target hit with an afternoon fade of today's rally likely to bring it back to the 147.43 level soon. (scenario shown on last chart). All charts below are 60-minute time frames. In tandem with IWM hitting resistance, SPY has now backfilled the Nov 8th/9th [...]
While the 60-minute charts of QQQ & SPY remain bearish, IWM (Russell 2000 Small Cap Index ETF) could mount at least a small rally should it make a convincing break above this 60-min bullish falling wedge pattern as the small caps approach support. Of course, support is support until & unless broken and as of [...]
Thursday's reaction low taken out in SPY & QQQ today, increasing the chances that my price target will be hit (another ~2% downside at minimum as additional target might be added). Also note that the 60-minute trend indicators now bearish on both SPY as well as QQQ. With the Nasdaq 100 poised to fall, the [...]
Technical analysis on the US stock market, gold, GDX as well as several sectors & trade ideas that stand out at this time. Covered in the following order are ACBFF (Aurora Cannabis), EUR/USD, (Euro & US Dollar), GLD & GDX (gold & gold mining ETFs), QQQ, SPY, XBI, IBB & GE (General Electric).