NASDAQ-100 & Nvidia look to cap a strong week. Signs point toward a small pull-back happening next week as everything has pushed into deeply overbought territory.
NASDAQ-100 Looking to Finish Strong 30+ point Week as it reaches overbought Hourly/Daily Read Post »
Market momentum continues and all-time highs are right around the corner. While the QQQ is overbought, it doesn’t show a signs of slowing down.
All-Time Highs are Coming sooner than Everyone Thinks; Near-Term Market is Overbought Read Post »
The march back to all-time highs continues. As we’ve mentioned, it WILL happen a lot sooner than people might expect. Can easily see ATH by next week.
The Parabolic Rally Back to All-Time Highs Continues w/ Near-Term Overbought at Extremes Read Post »
NASDAQ-100 (QQQ), Nvidia (NVDA) and others have finally pushed into deeply overbought territory signaling a near-term top is around the corner. Intermediate-term points to substantially higher prices though.
Market Finally reaches overbought Territory Signaling Near-Term Pull-Back Ahead Read Post »
Market looks set to gap way up above major resistance as the QQQ trades near $498 in the premarket. A strong close can signal the market’s intent to return to all-time highs.
Deep Green Futures Point to Significant Breakout in the Market on China Trade Deal Read Post »
The market has spent ALL week consolidating as the QQQ is within a few dimes of its closing price last Friday. There are some risks that have emerged as a result of that. We discuss in today’s Daily Briefing.
Friday Marks the end to a Very Slow Week; However some Risks Emerge Read Post »
QQQ surges to its $493 key line of resistance. A breakout opens a path right up to $500 a share. Nvidia breaks out above its $116 resistance level and reaches mildly overbought conditions.
Market Breaking out of a Bull Flag and Pushes to New Highs; Not Overbought Yet Read Post »
Fed decision has little bearing on markets today. The QQQ continues to consolidate near $480. Our wait mode continues until we get a decisive move one way or the other. We either need a full breakout above $490 to open up a new range or a breakdown to oversold conditions near $470 to set up reversal.
Fed Decision has Little Impact on Markets; Bull Flag Slowly Developing in the QQQ Read Post »
A look at the psychology behind “This time is different” and why it never works.
why “This time” is Never Different, Part 1 Read Post »
Market is in the process of continuing its pull-back as expected. Though the selling pressure feels relatively weak and might indicate that we’re in a new full blown intermediate-term rally.
Market Pulling Back as Expected; Intermediate-Term Up-Trend Looks Strong Read Post »