Tag: QQQ

Technically – It Is As Easy As 1-2-3
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 the...
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A Big – Golden – Bullish Signal Lurks
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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Danger – Will Robinson – Indecision Ahead
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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We Are Moving On Up – One Step At A Time
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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Confirming Green Ahead – Again?
February 7, 2023 No Responses

Confirming Green Ahead – Again?

Stocks went into orbit and fell like a Chinese spy balloon last week. On Thursday, stocks rocketed higher on the belief the Federal Reserve is likely to halt rate hikes and eventually lower rates because the economy is supposed to...
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Changing Our Song To A Happier Tune
January 31, 2023 No Responses

Changing Our Song To A Happier Tune

Bulls got what they were hoping for. The NASDAQ had a couple bouts of profit taking, both of which created higher lows, which were followed by higher highs. Three times, the index stepped higher. That is an uptrend. For a...
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Profit Taking And A Pivot Is The Preferred Path Higher
January 17, 2023 No Responses

Profit Taking And A Pivot Is The Preferred Path Higher

Markets are rallying after traveling down the road and flirting with disaster (a little 80’s southern rock reference) at 10,250. We thought the NASDAQ was poised to head higher but expected a little more of a fight from sellers as...
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Still A Bob Dylan Market – Stuck In The Middle With You
December 13, 2022 No Responses

Still A Bob Dylan Market – Stuck In The Middle With You

The NASDAQ remains in a box. The index’s trading range has been confined during the last month, bouncing  between 11,500 on the upper end and 11,000ish on the lower end. Staying within a relatively narrow window for an extended period...
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Up Is Down And Bad Is Good – Say What?
December 6, 2022 No Responses

Up Is Down And Bad Is Good – Say What?

The indecision continues to bother me. Wall Street isn’t sure what to do. Last Wednesday, the NASDAQ zoomed from the bottom of its technical trading box to the top. Strong volume accompanied the power move, giving the appearance of strength....
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