Tag: NASDAQ

Walking The Line, Buying Time
April 11, 2023 No Responses

Walking The Line, Buying Time

The NASDAQ is walking the line of support between continuing its recent run higher or possibly heading for some profit taking. The good news is that the initial reward-to-risk ratio strongly favors bulls right now. To the downside, the index...
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April 4, 2023 No Responses

Is V For Victory?

The NASDAQ completed a V pattern last Friday as the index hit 12,250. Looking at the past year, it’s fairly straightforward from here from a technical analysis perspective. As you can see on the chart below, 12,500 acted as a point...
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March 28, 2023 No Responses

The NASDAQ Probably Pops Following The Pause

The NASDAQ definitely broke its downtrend last week. As you’ll see on the chart below, the index cut past the descending trendline connecting recent tops. Ordinarily, the move out of a trend is the first sign of a potential reversal...
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March 21, 2023 No Responses

Technically – It Is As Easy As 1-2-3

Stocks rebounded hard last week after Wall Street pledged billions of dollars to help ease the strain on regional banks. The corresponding reversal pulled the NASDAQ’s 50-day moving average above the 200-day average, something we’ve been talking about for ...
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March 14, 2023 No Responses

What Do Stocks And Ketchup Have In Common?

Anticipation is making me wait was the tagline for Heinz Ketchup commercials; it still might be but don’t watch much TV these days. Remember, the ketchup bottle would be upside down just waiting for the thick red condiment to make...
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March 7, 2023 No Responses

A Big – Golden – Bullish Signal Lurks

Pivot, pop and drop, that describes the last three days of trading for the NASDAQ. The new week started out on the plus side and then lost strength right as the index made contact with the upper end of its...
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February 28, 2023 No Responses

Danger – Will Robinson – Indecision Ahead

Growing up, we used to watch a black and white tv show titled “Lost in Space.” There was a robot in the show named Robot who used to say, “Danger, Will Robinson” when the robot sensed trouble. Well, if Robot...
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February 21, 2023 No Responses

Are Troubles Far From Over?

Sometimes the news and the prevailing narrative don’t match. Stocks were rolling higher on the belief the Federal Reserve was positioned to halt interest rates hikes due to tamer inflation. There was even some belief the economy could slow enough...
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February 14, 2023 No Responses

We Are Moving On Up – One Step At A Time

We are getting the action we want from the NASDAQ, stepping up stairs with a series of higher lows followed by higher highs; wash – rinse -repeat. Jagged moves up, as you’ll see on the chart below, confirms the recent...
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