QQQ is still in high levels - longer term uptrend is not yet broken. As volatility has picked up recently, this correction might go deeper. This wouldn't surprise me, even if I don't like to short QQQ here.
FB Double top trade will be trigger if break and close below 71.23 in strong volume. Then likely target for FB is to be 66.60 (200MA)
Hope it bounce so that I can short it... but you never know..look at XOP chart no bounces at all.
Looking for market to complete wave 5 of the elliott wave formation before a rally back to the high or at least close to it. we may have a wave 4 bounce here. but to soon to be buying the dip here
If QQQ drops below 12 mths average (now at 91.55), this has a good chance to play out. Sit tight.
$QQQ The level everybody wants! Don't think we will close below $91.29 but around that area would be a good spot to start picking individual names for long trades.
It could test lower Trendline.
QQQ seems to be near its lower support channel trend line for the new bear trend that it has entered. While a trend reversal for QQQ seems ulikely, a slight bounce from the lower trendline could trigger a bounce in some of the equities that took a hard hit during the last week. There are no major economic news/reports on Monday, which means that the lower...
QQQ doesn't look very bearish until now. QQQ is the only chart where the current correction looks like a small dip compared to IWM and SPY. Let's see how this chart will develop. I don't like to go short here (nor long) because the volatility could rise further. I don't want my fingers get burned here.
QQQ is trading near its 50 day moving average. Bottom formation possible. I'm looking for a run to 200 ma. Around 92. Will go long at that level for a move toward 98.
Make or break time. Can earning support the Tech stocks?
Caution advised, we are not totally out of the woods yet. Better wait for confirmation. Don't chase the market just because you're afraid of missing out a few ticks. Sky is the limit, there's plenty room to run if it did confirm.
Continue to trade levels indicated, there are supply and demand levels at every corner for big markets.
Prefer Short with tight stop loss. If QQQ went below 98.79, will retest low at 93.89. Alternative, if QQQ went above 99.47, to retest high of 100.56.
Today, as the markets sold off, Apple Inc. (NASDAQ:AAPL) fell sharply as problems continue to mount with the release of the iPhone 6. Apple Inc. (NASDAQ:AAPL) is once again testing a major trend line, as shown in the chart below. Apple Inc. (NASDAQ:AAPL) found intra day support right at this line, from which the stock moved higher. However, Apple Inc....
Apple numbers out tomorrow. The news will either be positive or negative. Either way they will impact the price of the stock, usually in a dramatic fashion. To the upside or downwards direction. Knowing where our supply and demand levels are is key. These are two trades we are looking to fill.
For complete and detailed commentary and analysis, please see our blog post published 8/1/2014: www.syncubate.com Today, QQQ closed at $95.02, sharply below both the recent $96 breakout level and the 20 day Moving Average at $95.87 (orange line on the chart). -DMI also spiked above +DMI, indicating on the daily time frame that the bears are growling and putting...