Zack_The_Lego

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Joined Maniac448
Markets Allocation
75 % stocks 25 % indices
Top Mentioned Symbols
QQQ 60% | 6 SPY 30% | 3 INDU 10% | 1
Zack_The_Lego Zack_The_Lego PRO SPY, 15, Short ,
SPY: It's Breaking.
84 1 5
SPY, 15 Short
It's Breaking.

You heard it hear first...

SPY: SPY, S & P major zone to watch.
83 0 0
SPY, W
SPY, S & P major zone to watch.

Our first major hurdle would be a close above the yellow line on the daily, and then the weekly. As you can see the 150 and 200 weekly exponential moving averages are converging right at key resistance; the zone halfway in between the close and open of the large orange candle there. Fibonacci followers could consider that a 50% retrace zone. The week of 9-14-15 ...

QQQ: QQQ forecast
99 2 0
QQQ, D
QQQ forecast

We flipped from a deep red to green today on decent volume. I imagine we gap up tomorrow and test somewhere halfway up yesterday's (March 25th) candle which will decide if we continue higher or lower. Don't be surprised to see more sideways action in the form of a falling wedge or flag over the coming days or weeks. IF we gap down tomorrow then the 150dema is on ...

INDU: DJIA Monthly Moves Since 1998
50 0 1
INDU, M
DJIA Monthly Moves Since 1998

Much a do was made about February's gains but it was less than 7%. A similar move was made in January of 2013 and an even bigger move was made in October of 2011. So here's some perspective on the monthly moves that were made in the DOW. Notice how the only 10%+ moves (Blue) were made going down.

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