Published November 22, 2019
Below is a chart from Chris Kimble showing the Nasdaq 100’s rise over the past decade. The green trendlines define the uptrend. After spending much of the spring and summer bouncing around between 175 and 195, the QQQ (the trading symbol for the Nasdaq 100) pushed above 200, where it has held all of November. The blue % numbers on the chart (e.g. 100%, 161.8%, 261.8%) define the possible Fibonacci levels the QQQ could react to. (more…)
Published November 23, 2018
A recent post from Ben Carlson seeks to put the furious selling of October/November (to date) in a broader context, noting that many of the stocks and sectors that are being unmercifully hammered by the bears were the ones who had enjoyed exceptional gains over the past couple of years. (more…)
Published February 16, 2018
After dramatically breaking down the past two weeks, stocks this week more than found their footing in a textbook case of technical analysis and program trading. (more…)