Information sector which concluded technology stock are posting a well and truly bearish divergence concluding a H&S set up on the Moments oscillator. Fake outs of such Triangle or Wedges are usually develop high volatility as direction changes and either become strong bullish or bearish trends. One might suggest a retest of its breakout however clear divergence...
Volume as a comparison has reached a 4 year low. Hard to say what this means as of current but looking back at that event can conclude that something substantial in the market was about to unfold. Whilst this chart may look bullish for tech as a comparison and markets proceed higher most of the time its always important to take into the account that a comparison...
Information/SPN comparison has printed a very large doji at the to top of its rising wedge on the three day chart whilst RSI and stochastic RSI has reached oversold. Check out my previous post to understand why this does not look good for the equites market overall.
Information technology sector is part of the S&P 500 list. It basically includes all the big names you can think of (Apple, Intel, Microsoft,...). S5INFT (S&P 500) is currently in a descending channel. With a death cross in March, descending 200MA and 50MA, this sector is in an obvious bear trend. Lower highs and lower lows are showing week after week. If this...
This weekly chart of S&P 500 Info Tech sector does not instill a lot of confidence. I do think the silver lining is the data companies out there that have kept up with the web three revolution. These companies and solutions will be depended on to weather any recession storms going into 2023. IBM, Oracle, etc. (HPQ also turning things around?)
S5INFT is the S&P 500 Information technology Sector. It comprises of all the biggest Information Technology companies such as Apple, Microsoft, Oracle,... and many more. See this link for a full component list (www.barchart.com). This sector's price action (as for the S&P as a whole) rune between the top and bottom channels on both daily and weekly charts. This...
Guys. The chart speak for itself
*Just an idea, not financial advice* The basis for this prediction is formed from the previous 5 pullbacks >~-6.0%. Average pullback over 5: -17.262% High: -32.98% Low: -8.53% Mid point: -20.755% Average over 3 (Pre-covid): -10.3% Based on similar pullbacks, I make the prediction that a complete reversal will take place over the span of ~25 - ~30 days...
IF THIS TO BE TRUE IN OUR CASE. WISH YOU ALL THE BEST.
This is a quick update for those of you who are unsure whether big tech will rally to previous highs or return back to the depths of the post-correction crash. Here I'm going to talk about the potential movements of the Tech sector today. Let me know how it goes for and how you view this recent attempt at a Tech Sector rally. If this analysis helps, I'd really...
Here I'm going to talk about the potential movements of the Tech sector today. Let me know how it goes for and how you view this recent attempt at a Tech Sector rally. If this analysis helps, I'd really appreciate a like, it lets me know that what I'm doing is good work. Best of luck and Stay Disciplined Yesterday Technology tried to rally and was on a strong...
After a recovery yesterday to the pre-Trump infection highs the US premarket today shows further strength up to a Major Resistance on the road towards pre-Tech correction levels. Sentiment today will likely be cautiously positive (bolstered by on-target/positive jobs numbers), with traders waiting for the signal to buy, buy, buy. Here are the signals that will...
After an intense drop yesterday determining today's sentiment will be difficult, however there are several signals that will allow traders to make some intraday moves. There are 3 scenarios that can occur today: Tightening of the range: High and lows squeezing together to form a slightly upward biased symmetrical triangle A battle of defensive tech against...
Is technology back? It's the most expensive question being asked about the markets right now. We've had the downside but hope above the parallel channel is growing larger. This analysis is mainly focused on the day traders and offers a short explanation of the current situation and strategies for a day trade on S5INFT via the TECL and TECS ETF pairs. Multiple...
IT and Healthcare sectors are two best among the S§P500 sectors. IT broke the RSI trendline though.
A simple look at how the S&P 500 Information Technology sector has performed compared to S&P 500 and Dow 30.
Bearish divergence on Tech Stocks. Pick large cap top performers in Tech sector with your favorite sell/short signals.