A quick look at two items, the guide for a bullish market (QQQ/SPY, also noted in NFTRH 754) and XLV/SPY (which is a defensive sector vs. the broad market and…
ES and NQ are set to each tick a new rally high ES and NQ are laggard and leader, respectively. ES (S&P 500 futures) wants to follow its leader in…
A short snapshot of a couple items for your review. The USD index (DXY) is testing the SMA 50 right now. It never made it to our target at the…
The ratio of big Tech (QQQ) to the broader market (SPY) is in danger of making a secular top The log scale monthly chart (displaying percentage changes) shows a channel…
As the stock market's sentiment relief rally has labored on, volume has diverged It's not usually a good sign when an index, ETF or individual equity rises on diminishing volume.…
Considering the flat out epic over-bearish AAII sentiment reading and the nearly as extreme Investors Intelligence, I decided yesterday to give this chart from NFTRH 702's Market Sentiment segment a…
I've been writing the words "bear flag" pretty frequently lately with regard to the various bounces going on in some stocks. Below are a couple of pictures of bear flags…
Check it out. Big Tech is in a similar posture to the pre-crash breakdown and retest of the broken EMA 20 and SMA 50. RSI and MACD are in negative…
The over valued growth area known as the Cloud (w/ SaaS software and all that remote collaboration stuff) has been a leader out of the March crash, leading broad Tech…
Regardless of whether or not the gap will fill, risk is... well you know what risk is. To make matters worse, QQQ (along with NDX, SOX and SPX) painted a…
[edit] I took the profit. Why not? My apologies in advance about the featured image. This one popped out at me for some reason that I can't quite put my…
It's gap fill time in the US, as you can see by the following charts that this man who stares at charts presents for you today. Personally, I have done…
It's a pattern and that is the caveat. We TAs see them and get very very excited. After being long the Cube out of the late March low I am…
This is my largest single equity position. That's the qualifier. It is bouncing as expected per our 60 minute charts reviewed each afternoon lately, but... Let me tell you what…