Nasdaq Composite has just finished or about to finish the Wave 2 correction of the larger Wave (3) of the larger Wave 5. Some may identify the 2 Sep to 9 Nov 2020 correction as a triangle, but triangles usually appear in the later part of a larger wave, like the second half of wave 3 or wave 4 or in the case of diagonal triangle, wave 5. This is obviously the...
55% CHANCE NASDAQ 2% DROP ON MONDAY
i SEE an RISK of NASDAQ continuing LOWER to (+/-) 9750 Its ALL about STIMULUS, TECHNICALLY: PURPLE or YELLOW path EQUALLY possible. EXPECT a (+/-) 5.5% up PRICE UP (to around Nov. 13th)... THEN ???
This is a first attempt at writing up my weekend homework. I look back over the week and review what happened in the market. What were my expectations each day and then what actually happened? What can I learn from expectation breakers? And then I look at what is coming in the week ahead. Monday, October 12, 2020 I'm a keep on chillin', refillin' and flyin'...
Equities indicated by the IXIC NASDAQ index versus a collection of foreign currencies of: Australia AUD, Korea KRW, Singapore SGD, China CNY, Colombia COP, Brazil BRL, Russia RUB
Trend lines drawn from 9/3 (17d), 9/22 (5d), recent bottom 9/24 (3d) and today 9/28 (1 day). The Nasdaq continued it's rally off of the recent bottom from last Thursday's open. Today it tested the 50d MA line 3 times, but rallied in the afternoon to close near the high. Daily volume is trending down and you could consider the daily candle a hanging man, both...
Trend lines drawn from 9/3 (15 days), 9/18 (5 days), yesterdays peak 9/23 (2 days) and today 9/24 (1 day). After a whipsaw up and down, the Nasdaq ended up slightly on Thursday on higher volume. The closing range is right around 50% for the day but the second half of the day was on the downward trend. Possibilities for Friday could be positive if the July...
These three Big Tech also-rans a bit limp in performance, underperforming the Nasdaq Composite Index, since April 2020 (i.e. Microsoft MSFT, Alphabet GOOG and Netflix NFLX... as opposed to Apple AAPL, Amazon AMZN and Tesla TSLA).
The Tech Holy Trinity of Apple Inc, Amazon and Tesla underperforming the Nasdaq Composite Index since the beginning of September.
The past week there was rotation into Energy (XLE). There is precedent for rotations into energy marking tops and continuing as safe havens during corrections. In the bottom chart, you see the rotation happening in September 2018, just before three months of market declines (21% on S%P 500 and 24% for Nasdaq). Looking back further to the 2000 tech bubble, look...
Five Big Tech candidates (Tesla TSLA, Amazon AMZN , Microsoft MSFT , Google / Alphabet GOOG , Netflix NFLX ) underperforming the NASDAQ from July 13, 2020.
Big Tech candidates (Amazon AMZN, Microsoft MSFT, Google/Alphabet GOOG, Netflix NFLX) underperforming the NASDAQ from July 13, 2020.
Compare Nasdaq Composite here (IXIC) to when Big Tech Buzz hit the barrier - buzzing stifled from July 13, 2020 - for Tesla , Amazon, Microsoft , Google / Alphabet , Facebook , Netflix.
Big Tech Buzz hits barrier - buzzing stifled since July 13, 2020 - for Tesla, Amazon, Microsoft, Google/Alphabet, Facebook, Netflix.
Podriamos decir que cualquier retroceso nos llevaría a 10000 pts y aun así seguir optimistas sobre los recursos tecnológicos. En vista técnica, Nasdaq ha borrado cualquier residuo de Covid. ——————- We could say that any retrace in movements could lead us back to 10000 points and still being optimist about Technology resources. In a technical view, Nasdaq...
Su Nuevo máximo sobre los 10500 Puntos, solo deja claro que la tecnología pesa como factor para mantener en marcha al mundo, ya no es especulación de primera como en el año 2000 que tuvo una caida del 75 por ciento aproximadamente debido a la Burbuja.com. Debemos asimilar que toda empresa debe tener una profunda transformación hacia lo intangiblemente...
We're getting close to the ultimate short. Expecting a blow of top soon as everything starts accelerating. This is just one example of a multitude of overvalued companies. Even though the fundamentals are there these valuations are not justified by any mean.
The $IXIC (Nasdaq Composite Index) has set a temporary top resistance price at 10500. For the past month, $IXIC has broken out above into blue sky territory. Trendline Support Downside Target(s): 10100, 10000, 9900. However if the rally continues, upside resistance targets would be: 10500, 10750, 11000.