Monthly Chart : The price broke down the MUT (Major Upper Trendline) what lasted for 10 YEARS : Moreover, The Price found Resistance on that MUT, and on the old Resistance Area between 186-192. Note the Weekly Chat : When you move into Daily Resolution , we can see clearly how the Buyers Failed to hold the Price above the MUT , and therefore,...
Daily bearish divergence. It's definately not going up.
Amazon showing a bearish head and shoudlers pattern on the 1hr, and confirm 3 bearish head and shoulders by Indicator. Another leg of selloff could resume in the market if this is not recapture on large volume. To make matters worse we're no where near a major holiday to entice shoppers. Folks hoarding cash, workers layoffs, unemployment numbers.
Clearly rejected by Pivot R1, but closed just above black trend line and has support at Pivot P and Fibonacci 0.5. I want to buy it closer to support.
Solid broadening wedge on $JPM here - RSI ticked over 50 and we've got a weekly uptrend with a macd cross under the baseline, looking for a 1-1 break on this in february.
A breakout above the 60 min triangle will help to send the tech sector higher. This will be good for tech stocks.
Fundamental / Technical / News analysis Microsoft earnings were positive. But they were not enough to break this channel since June 10th. Today we gapped above resistance, breaking the channel. This was caused due to Microsoft winning the JEDI contract from the US government; who beat Amazon, Oracle and IBM cloud platforms. Revenue from the JEDI...
aapl showing major signs of slowing dowon on this uptrend. im about ready to call al top here. sorry bulls
That could be a perfect bull flag as well...
Market moving news Microsoft just approved a 40 billion dollar buyback. They are also raising the dividend by 11%. Technical analysis Reaching all highs on above daily average volume.
BOT VERTICAL XLK 100 20 SEP 19 79/78 PUT @.23, .77 max profit. Risk to reward ratio just under 1:3 Gives a breakeven price target of 78.77 which is 3.4% lower from the spot price at the time of trade. Longed the 30 delta, shorted the 25 delta. It's a lower probability trade with under 30% estimated probability. Rationale: XLK seems to be hugging the high...
Episode 3/11: US (SPX) Sectors Technical Analysis - 16th of July 2019 The Tech Sector has indeed outperformed almost all other sectors in the economy, since the 2009 financial collapse( approx. ~520% increase since the troughs of 2009). However, with the new threats to global trade, the tech sector might be the first one to take the worse drop of all the...
I heard some interesting commentary this week from the pros about watching for signs in the cyclical:defensive sector ratio. I put together this chart using (XLK+XLI+XLB)/(XLP+XLU+XLV). It is a composite of tech, industrials and materials indexes as a ratio to staples, utils and health sector indexes. The chart ratio is about 1:1 right now. In a late stage...
Not the most likely outcome.. but momentum is down. Japan reports GDP on sunday night.. would a huge gap down drive risk off? This ladies and gentlemen would be the dip to buy! Get the deflationary risk out! Have the Fed raise rates! Then market can survive off liquidity!
multi year uptrend line on verge of cracking $XLK $QQQ
XLK - Update to short trade thesis. Trading XLK short as long as negative MACD and DMI divergences linger. No new high today as market rallies, big picture chart still consolidating. Seeing SOX lag today is a good sign for being short (XLK over 20% Semiconductor weighting) Need a breakdown soon though
could be just a breather, but possibly good spot to take a partial short position under 77.50 $QQQ