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...
If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight. In this post, I’ll be explaining ‘The 2020 Tech Stock Bubble’ crisis, through the lens of the Dot com bubble of the 90’s. In the process, I’ll also provide educational content...
Trend lines drawn from 9/3 (16 days), 9/21 (5 days) and today 9/25 (1 day). The Nasdaq had a bullish run on Friday, with a steep climb marked with very few pullbacks. If that ascent were to continue, we'd have a 3.61% increase on Monday. More likely, would be a pause around the 50d MA where several top stocks are getting resistance. That would be a 1.00%...
A fantastic gradual move happen here and might be the beginning of wonderful rhythm. Do you feel the same?
An amazing movement happen today. It seems to be the start for a possible further movement.
Big Tech's four leading Horsemen of the Techopalypse (Apple Inc AAPL, Amazon AMZN, Facebook FB and Tesla TSLA) underperforming the Nasdaq Composite Index since the beginning of September.
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.
Regression Trend lines drawn from 9/3 (42 bars), 9/17 (5 bars) and today 9/23 (1 bar). A few possibilities here. A positive bounce of July support would take us back to the 50d MA. Unlikely that we would cross over that line without a pause. The 5d regression line points to a lower but still healthy increase of 1.19%. But the sharp downward action of Wed does...
The price start to fall down and break the support line twice, In this case, I expect the price to go down to the strong support level
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...
possible bullish divergence reversal trend possibly playing out next week
Hello everyone: NASDAQ is looking very clean for the next continuation down. We see price dropped down impulsively from the top, broke out of the HTF ascending channel. Then we see price begin to consolidate, and potentially forming a correctional structure. I do see this as a continuation, to correct the previous down move. I would like to see price...
If you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. Analysis - To begin with, we can look at the Nasdaq Index's monthly chart on the logarithmic scale - The logarithmic scale provides a broader overview of the general trend, as well as clearer percentage changes...
Look at this boi, Nasdaq Composite has gone up almost 80% since testing the 50-month moving average in March 2020. This demonstrates how strongly bullish the market fundamentals are, remember Fed confirmed on yesterday 27 Aug 2020 that they will tolerate higher than usual inflation, just to keep the interest rate close to zero! Basically Fed and Donald Trump (he...
The broader Nasdaq Composite Index had a great reversal day, but what comes next? The top 4 market cap players were testing support and resistance lines, indicating indecision on where investors think the market will go. Having one of these make a big move either direction would certainly impact the others and the broader index. Taking a look at overall...