Last week we cited the falling trendline in Apple. So far, it hasn’t broken out. Not surprisingly, this pattern appears in other key names like Facebook and Advanced Micro Devices. Most importantly, it’s also on the Nasdaq-100’s daily chart. The tech-heavy index has been fighting this downward trend for most of November. This morning it made an attempt to rally...
Ok boyz, so you guys are strong believer in momentum, you've ran your backtests on US Sectors and fund out that with a roughly 55% probability the best performers of last year will be the best performers of the next year. So you are still long tech like crazy and believe the FAANG stocks will keep rising. However what does financial professionals like to do? They...
Bitcoin Dominance Retracement BTC reaching $16500 Resistance could see a pullback and ranging for the following months. Alt coins may see cyclic rotation and BTC.D dropping into the 40-50% region and eventually 15-20% region.
At the beginning of September I forecasted that we would likely see some rotation from growth to value in the next few months, and I laid out three target prices for the RSP (equal weight) to SPY (cap weight) ratio. This ratio has continued to behave fairly predictably, oscillating within its seven-month range and making fairly perfect touches of the target...
It was a back and forth week with Technology (XLK), Utilities (XLU) and Energy (XLE) all fighting for the top spot. Even Industrials (XLI) made a late effort to end the week at the top. In the end, the safe haven of Utilities (XLU) won the week as investors fled more volatile stocks for something that everyone needs going into the winter. Heat! Communication...
should move back to the bottom side of the channel in the short term, allowing for the next leg up in the long term.
It was a back and forth race for the SPDR ETFs this past week. In the end, Real Estate (XLRE) was the winner. Utilities (XLU) had a week of steady growth but could quite beat out Real Estate. Technology (XLK) did well earlier in the week but sold off at the end on bad news. Energy (XLE) had relatively big gains on Friday, but overall still a loser for the week.
I posted this on August 27, but a moderator blocked because I had a linked to an offsite chart that the mods felt constituted advertising. (Apologies to the commenters whose comments disappeared along with the post.) I kinda wish I had reposted right away, because the post ended up being pretty prescient. (I had predicted that the S&P 500 would pull back to at...
After a long period of consolidation, energy broke-down of the parallel channel. Using Fibonacci retracement tools, we retraced from the 61.8% level, also known as the Golden Ratio. It is currently trying to break its 10sma resistance (on average intraday volume - which is not great) I would want to see a close above the 50% retracement level to feel more...
This is another relatively simple idea. As we are at the end of July we can start to take a closer look at monthly charts. 1. August has finished down (open to close) 60% of the time (12 of the last 20 years). 2. Coming into major multiyear trend lines, August seems to have been pivotal... literally. - August 2007 dropped and pierced support but closed above the...
For Growth Investors, there were a few shocking days over the past months where the indexes went up but our portfolios went sideways or down. There's no worse feeling than having the market go up and have your portfolio go down. The cause was sector rotations as investors moved into "discounted" stocks that were hit the worst during the market crash of 2020...
In the stock market, the rotation of capital mirrors the business cycle, as managers favor specific sectors according to the economic conditions. For this reason, when we analyze the stock market we compare the main indexes (S&P, Nasdaq, Dow, Russell). Capitals rotates in the crypto ecosystem too. It’s possible to analyze the crypto market using the same...
NFLX has moved into the completion of bottom area, but is struggling to hold on to that completion level. Some rotation is present from large lots. NFLX did not have a strong pre-earnings run.
ISRG dropped sharply from its recent new all time high. The stock is struggling with heavier large lot rotation action at this level. Volume is too low and Balance of Power shows heavy rotation.
Corporate buybacks struggle against heavier rotation by Dark Pools. ADBE steps downward to bounce at support levels.
Once again, AMD has failed to break to a new higher high. Heavy Dark Pool Quiet Rotation™ is thwarting upside action at this time.
KLAC has hit a new all-time high and is now in a tight compression, even as Dark Pool Quiet Rotation™ continues.
CSCO had heavier Dark Pool Quiet Rotation™ in recent weeks. A High Frequency Traders Gap Down on Spiking Volume occurred earlier. The stock is holding near the gap down area.