Markets continues to consolidate near their highs which strengthens our confidence levels in the current outlook. But the action remains stagnant and boring. Microsoft and Meta could change that this afternoon.
A brief, straight forward analysis on how the past six presidential elections have impacted the stock market. What you’ll find will surprise you.
How the presidential election might impact the Direction of the stock market Read Post »
Google & AMD showing very strong momentum as we head into earnings. Both stocks are at overbought conditions. Google breaking out of a 3-month pattern. How these companies performance will determine the rest of the week.
Daily Briefing: Google & AMD earnings today to set the tone Read Post »
Every original FANG stock is reporting earnings this week starting tomorrow. The NASDAQ-100 (QQQ) and Nvidia (NVDA) are in wait mode. Tight trading ranges all day long.
Daily Briefing: NASDAQ-100 to test $500 at the open Read Post »
NASDAQ-100 (QQQ) bounces hard off of oversold territory but runs up against resistance at $500 a share. Nvidia (NVDA) looks so strong that virtually all scenarios point to a likely breakout above $150 in the intermediate-term.
NASDAQ-100 (QQQ) rebounds off of oversold conditions but may be entering a consolidation phase. Tesla (TSLA) explodes higher on blowout earnings but will soon come up against key resistance. Nvidia $140 is turning into a battleground.
The NASDAQ-100 (QQQ) is nearing oversold territory on the hourly. Nvidia (NVDA) pulling back off of overbought territory. Both the QQQ and NVDA are at key inflection points.
The NASDAQ-100 is on its 5th day of consolidation. Nvidia (NVDA) takes a breather after punching through resistance yesterday. TSLA & ASML are on trade watch.
With Nvidia busting through $141 today, the flood gates may have just opened. Even now in after-hours, Nvidia is making fresh all-time highs into the $144’s. That is the behavior of a stock that has broken out.
A massive breakout may be happening in nvidia (NVDA) right now Read Post »
While the S&P 500 (SPY) has been on a full-blown intermediate-term rally since August 5, the NASDAQ-100 has entered a short period of uncertainty. With earnings around the corner, we should gain some clarity soon.