Investor_NL

Investor_NL Updated 

It looks the QQQ is going back into the channel soon. Don't be surprised if it goes to the bottom of the channel at around 250-270.

Investor_NL

DXY/HYG is close to 1.5. It has only been this high 4 times since 2000. It is a risk-off signal, but it is a signa of market bottom as well.

Investor_NL Updated 

NVDA is breaking down from the trendline dating back to 2015-2016. This could be a sign of weakness coming for the stock.

Investor_NL Updated 

SAIA is a trucking company that has a good fundamentals and the stock price is undervalued. Technically from the chart, it is breakout from downtrend line with strong earning report yesterday. This is a good sign that this stock is starting to move high. I have put an initial position to go long. Please evaluate your own risk and do your own study first.

Investor_NL Updated 

On May 24, 2022, GOOGL made a bullish pin bar, a candlestick reversal pattern, and this could mark a potential bottom of this correction. The last time GOOGL had such pattern was at bottom of the COVID crash. This could signal to go long on the stock and start accumulate shares of GOOGL.

Investor_NL Updated 

From the 4-hour chart, it looks like the buying volume has picked up in GOOGL in the last 2-3 weeks. A sign of this stock is ready to move higher breaking through 2380.

Investor_NL

It looks like IGV (tech software sector) has reached a bottom for now. It touched the uptrend line dating back to 2009. There is a lot buying volume in the last couple of weeks. It could be a good time to start buying into the top 3 holdings (MSFT, ADBE, CRM) of this ETF. Please evaluate own risk before trading or investing into this ETF.

Investor_NL Updated 

This is a monthly chart of the HYG with RSI. It hit an extreme low level on RSI only a few times in the last 12-13 years. The other times are March 2009, January 2016, December 2018 and March 2020. During these times, the equity market had rallied back up to all-time high after a correction or bear market. This could be a potential market bottom again and a buying...

Investor_NL Updated 

MSFT has bounced off a very critical long-term trendline shown on the chart. It has only been touched at market bottoms in the last 6-7 years, including June 2016, December of 2018, March 2020 and now (May 2022). In the last 3 times, the reward had been great (+80% or more until the next major correction). This is a potential long-term buy signal for MSFT and the...

Investor_NL

WLK has broken out from the downward sloping line of resistance and ready to move up. It is up about 2% today.

Investor_NL Updated 

Whenever HYG is moving down, it is telling us that the risk is off in the equity market. It is true for the current market condition. When this bottoms, then the market will bottom.

Investor_NL Updated 

The QQQ just fell off the bottom of the channel formed from last November until end of April. Don't catch the falling knife. This could go down to 230-250 area quickly as margin call starts kicking in.

Investor_NL

DIA is coming back down after overshooting the channel. This channel is coming from around 2010. It could be coming all the way down to the bottom of the channel (around 260 -280)

Investor_NL Updated 

Looking from weekly chart of the QQQ since 2003, we can see that there are 2 distinctive trading channels. The one from 2003 to 2008 has an overshoot in 2007 to early 2008. That ended up being a false breakout. The price went back to the channel. The current from 2009 has an overshoot since mid-2020. There is a chance that this is a false breakout as well. The...