Posts From Andrew Nyquist

Andrew Nyquist
Andrew Nyquist is the founder of See It Market. Andrew has been actively investing for over 13 years with a strong focus on technical analysis and swing trading. His blogs, articles, and contributions have appeared on numerous websites, including highly respected Yahoo! Finance, MarketWatch, Business Insider, and Minyanville, where he also contributes to their premium trading platform, the Buzz & Banter. Andrew has also been interviewed and cited across many media outlets, including Dow Jones & Company owned Smartmoney.In addition to founding and managing See It Market, Andrew enjoys actively investing, playing and watching sports, and spending time with friends and family – especially his wife and three children. Andrew currently works in the financial services industry and resides in the Minneapolis area. He is a 1998 graduate of Carleton College.
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QQQ Breakout Analysis: RSIs, Retests, and Targets

Tech stocks have played a major role in leading the broader market higher in 2014. Especially of late. Consider this: The Nasdaq Composite was the first major index to break out to near 2014 highs after the summer pullback. Soon thereafter, the S&P 500 and Dow Jones Industrials confirmed the breakout, making new highs as well. Today I’d like to focus on the popular Nasdaq 100 ETF, the Powershares QQQ Trust (QQQ) and the recent

Parsing The FOMC Minutes: Why A Rate Hike May Be Coming In 1H 2015

Earlier today, the Federal Reserve released the minutes from their last meeting, sending the market into its typical tizzy. Initially the market was down on rate hike concerns, but moments later it was up on an expanding economy and improving labor market. Yep, Mr. Market is going to do what he’s going to do and let everyone else spin it for what they think is going on. But behind the speculation,

Nasdaq 100 Breaks Out: Follow The Leader Part 2

There have been two important stock market lows this year and both came early on.  The first low came in February and ultimately could mark the low for 2014. The second one came in April and I would argue that it was the more important of the two.  Let me explain:  The April low saw a full retest of the February lows for the Nasdaq 100 (NDX) and Russell 2000 (RUT).

Did Corn Prices Just Bottom?

Lots of interesting dynamics at play for grain commodities right now. In short, the past 3 months haven’t been kind to Corn, Wheat, and to a lesser extent, Soybeans. But each of them is trying to put in a bottom.  Corn in particular has struggled to gain traction, but perhaps the sideways price movement that forms a rounded bottom is part of the frustration that wears out investors and sparks

Why European Stocks Demand Your Attention

As European stocks began to crack in early July, U.S. equities continued to climb higher. Although this divergence seemed minor at first, it would turn out to be a near-term warning for global investors. Indices like the S&P 500 would eventually follow European stocks lower. And when coupled with the recent stealth drop in the Euro, it’s apparent that concerns around the Russian-Ukraine conflict (and correlated markets) need to be on our collective

S&P 500: More Rally Ahead? Watch This Level

This is the question.  Is there more rally ahead for stocks over the near-term?  As a technical analyst, I prefer to follow price. So let’s see what investors are looking at today and in the days ahead. The bounce from 1900 wasn’t entirely unexpected; myself and other technicians had been eyeing that level for several days leading up to the overnight puncture of 1900 on the e-mini futures heading into

3 Near-Term Concerns For AAPL Stock Price

With a big gap and go rally from April to July, Apple (AAPL) has quietly made its way back into the investor spotlight. There are plenty of reasons for Apple’s recent success, but still some questions going forward. I discussed much of this in an AAPL post back in June. No need to revisit all of those themes (cash, buybacks, dividends, etc…), many of which bode well longer-term, but there is

S&P 500 Technical Support Looms Large For Traders

The stealth downdraft that occurred last week has offered little more than intraday trading opportunities for the nimble (and surgical). The added volatility has its benefits for traders of “both sides” but it isn’t for everyone. As I type, the S&P 500 is at 1920, roughly the mid-point of today’s range and just 9 points off the lows for this pullback. But price is nearing some important S&P 500 technical support

The Best Of See It Market – July 2014

Stocks ended the month of July with a bang, wiping out all the month’s gains and much of June’s during the final five sessions. This was definitely a different vibe from the markets, as we haven’t seen heavy month-end selling for some time. As suspected, investors are on the defensive heading into August. And many are wondering if this stealth drop will develop into a deeper correction? On the surface, it doesn’t

Fed Agenda? Why The Reaction To Q2 GDP Is Worth Watching

On Wednesday morning, Investors will be greeted by 2nd quarter GDP data. As of right now, it is not a matter of whether there was Q2 GDP growth, but how much. And this has put the Fed (and economists and investors) in a bit of a pickle.  Perhaps this is why the capital markets are acting up of late… Yesterday, fellow contributor Andrew Kassen and I talked about the upcoming