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

S&P 500 Sector Analysis (charts & video)

The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities. There is over USD 7.8 trillion benchmarked to the index, with index assets comprising approximately USD 2.2 trillion of this total. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. (source: S&P Dow Jones [...]

Jun 14, 2017 1:54pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , |Comments Off on S&P 500 Sector Analysis (charts & video)

Updates for QQQ, SPY, TECS, XLK, SOXX & SOXL

Lots to cover today so I'm going to try to wrap up some of the more significant recent technical developments in this one update. Starting with the SPY & QQQ, both are experiencing impulsive selling so far today following the recent breakdown & back-test of this bearish rising wedge pattern which helps to validate the [...]

TECS XLK Trade Update

I received the following question regarding the TECS / XLK Active Swing Trade: "Randy what are your thoughts on the official TECS trade at this point? If we see that last thrust up in the market next week, that will most likely trigger the stop on TECS as we are quite close to it already. [...]

May 9, 2017 10:20am|Categories: Completed Trades - Short|Tags: , |Comments Off on TECS XLK Trade Update
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