QQQ - Still in Uptrend

288 8
Notice that the Parent Trendline from the Base is still Intact.
The three major acceleration lines are not broken yet. Any breakout above the red line at $104.06 would be a good bull situation. Counting on the overextended Biotech for the run is quiet unreliable at this point of time. On the flip side, the Acceleration 3 line breaking would initiate a Down trend with consolidation to follow (trend transition period), That's enough outlook for now.

Counting on Techs / Energy. The renewable energy fever is fading like the Global warming crisis. The Dollars are extended, which should positively impact local companies.

GOLD currently has a inverse H&S . will cover that in the GC chart.
This concept is really important factor in my analysis. Without these, I will be scared to death, trading ;)
I think you're on the money with this one "Counting on the overextended Biotech for the run is quiet unreliable at this point of time."
This pullback still seems to be a normal in the market - https://imageshack.us/i/f0ELA8Uup

The Point is are we going to the parent trendline?

Btw, anyone reading this know the symbol for the Put call ratio on tradingview?
I notice your posts analyze but you never take a long or short position
position depends on the time frames, setups. i would have a long position on long term, and a short position as a hedge based on the setup. This analysis is how i have a bias.
If you really need such help, I would recommend extending your focus on learning further. A Trader must be able to have his own bias, own Strategies, Own targets, Following others can lead to a disaster, Others are not aware of your situations or risk appetite. Good Luck trading
I am keenly interested in your take on fading renewable energy fever. I have spent most of my spare time since 2009 trying to get the word out that "global warming" is a cash cow for academia/gov.

I would like your opinion on whether the "divestment" movement led by 350.org is having an economic impact. This is a movement backed by Rockefellers that convinces acad/corp pension funds to drop natural resource holdings.
ucsgears readnthink90
The Primary fact is, it takes 60 years to see any revenue from a wind power generations (onshore). 85% of the Wind power in Europe is offshore, those projects have been a disaster economically. The Cash flow for a Solar Energy starts after 5 years, the new silicon wafers efficiency of 26% (best in class) will be 20% or less by then. 2013 rally on TAN (solar sector) was due to this. 2009 years there were way too many solar power plants commissioned across the world, 2013 - they were beating all earning estimates, more solar projects commenced. The number of projects now has been down so much. Btw, not to forget that life of a silicon wafer is 15 years before it goes to non consumable production. Which leaves them 10 years of operational cash flow, and have to make enough money to rebuilt the solar plants.

Secondly electric cars...... The efficiency of a electric generator is 75%, Transformer efficiency is about 98%, by the time it reaches the customers, there are atleast 4-10 transmission stations, do the math. transmission losses are about 2-5% depending on the voltage. Consumer losses etc.... (.75*.98*98*.98*.98.*95 = 0.64 = 64%) Cost of power production also varies, based on the sources (Gas, Nuclear, Hydro, Renewable) We all know that renewable energy is not cheap. The cheapest is Geothermal and Combined cycle power plant. Imagine if the Utilities have to take a shift from CCPP (combine cycle) to Renewable, out utility bills would quadruple. "http://en.wikipedia.org/wiki/Cost_of_electricity_by_source" Not that, this is bad, I work in the sector, creates job etc..... Creating job could have been another reason for this renewable resources....

This renewable energy is obviously not a cheaper alternative by any means. Only benefit is conserving the nature reserves by paying the cost now, for future.
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