XLL Continues to be sideways Let's watch this on shorter time frame, 135 is area of confluenc
Not saying that the NASDAQ might not have a blow off top, but the lower high and the stalling and the candlestick patterns suggest that there is a break down incoming. MACD levelled off and is retracing already. Likely a reversion to mean retracement, and breaking down below 11,355 (the TDST) is bad news... Let's see
Microsoft just provided an epic sell signal to the market. The extreme reversal on volume after MSFT was up 3% and closed the session negative is indicating the sellers are emerging. If the second largest company has put in a near term high, we could see the tech sector subdued. Now we wait for other sell signals. A 50% retrace is typical after a strong...
Discussing all the leading sectors and stocks to identify major trends. This weekly timeframe is suitable for longer term investors but insightful for traders.
$XLK short term pullback to previous resistance, interesting dynamic on short time frame
Looking into all the major sectors of the S&P 500 to see if this breakout can be trusted. we review all sectors on a weekly basis to provide insights of the overall market. Most sectors have not broken out & trading at major resistance.
XLK Tech sector ETF, broke the 200 day moving Average downtrend, does this marks the end of the downtrend, and start of a new Bull run? To answer this question we will have to see how this trends in weeks ahead Tech growth is still slowing Higher multiples are difficult to justify
Solid earnings beats, ROE 31.26, broke out of cloud and prior swing high. Good price to sales, cash flow, and debt metrics. I will consider an entry at: pivot on weekly (74.71), prior swing high (73.79), RSI(9) on daily LE 31, or RSI(12) on weekly LE 50.
CHART DISPLAYS LAST 30 DAYS Utilities ($XLU) outperforming the broader market as represented by ($SPY) and growth oriented, tech based, sub-sector ($XLK) over the last 30 days. This has a correlation with an increased 'potential' for instances of heightened, near term (2 to 4 weeks) market volatility. During the recent selloff we can see that the 'bids' did...
This is a list of my personal portfolio selected ETFs with the simplest visuals, using MACD as the only technical indicator and the trend lines with breaks or breakdowns to give us a new series of PSV charts. ;-) Note that these are using Weekly charts, and a break out is qualified when there is a trendline break out accompanied by a MACD crossover (within a week...
Could not break out of down channel at the 61.8% retrace. Considerable resistance overhead and weakening RSI. Look for target of 122.07 on 12/22/22.
NVDA showing the makings of a Cup & Handle Breakout. It has retraced 78% from high, and has attempted to clear the 78% fib line. However, it is riding the upper band of the Bollinger, which is widening and signalling a consolidation. There is considerable resistance above which might lead to a false breakout and breakdown. I would consider a long swing position...
An interesting set of events just occurred in the NASDAQ futures. In early November, the NASDAQ (and most market indices) spiked in a bullish rally, only to find a resistance at about 12,000 in mid-November. It then retraced to test the support at 11,560. While it bounced off the support then, there was a momentary spike down to 11,528. This is the significant low...
Noted that Coinbase COIN is in some sort of technical trouble. Based on downside projections, the downdraft is technically aligned and sound, with a target of 23.36, by mid-December. This is a 50% cut in stock price from last Friday's closing. An earlier breakdown of the triangle, and the more recent failure of the 2022 support last Friday suggest more downside...
The last time Financials flipped Technologies was in 2000 which lead to six years straight of overperformance by the banking industry. This is an important relationship to keep an eye on. These types of trends tend to stick for long periods of time and can lead to generational trades.
currently in a 4th way up , however there is a bear flag forming I see. Tesla needs to get over $215, to possibly invalidate the bearish sentiment. Even still, it would also have to breakout above trendline resistances near 220-225. That might be a difficult task. There is also B leg of the previous cypher pattern, that will act as a resistances for wave 5. I'm...
I have a short term target of $130.00, after buyers stepped in and bought D leg of the bullish Cypher. Price action needs to clear C leg of the ABCD pattern, which would lead to a higher price action to C leg of the ABCD pattern. Disclosure: I have calls on $tecl (3x technology bull)
looking for a retest of the B leg of the ABCD pattern which I have around $144.00 Not Trading Advice or Investment Advice. For my own personal gain, learning.