Tag "nasdaq"

Stock Market Update & Weekly Trend Outlook – Week 43

THE BIG PICTURE The major stock market indexes moved higher yet again last week and remain in strong uptrends. Although we are overbought and overdue for a pullback, the best thing for traders to do is follow the price action and avoid getting caught up in the noise and anticipating…

Stock Market Update & Weekly Trend Outlook – Week 42

THE BIG PICTURE The major stock market indexes are in still moving higher and in strong uptrends. Although we are overdue for a pullback, the best thing for traders to do is follow the price action and avoid getting caught up in the noise and anticipating the next move. If/When…

Stock Market Trading Update: Prepare For Volatility

S&P 500 Trading Outlook (2-3 Days):  BEARISH Short-term market top looks near. And an uptick in volatility (INDEXCBOE:VIX) could be on the way next week. There’s no real change in near-term outlook despite the push back to new highs for Nasdaq 100 ETF (NASDAQ:QQQ) and above-average strength for S&P 500…

Stock Market Weekly Trend Update & Outlook – October 2

THE BIG PICTURE The major stock market indexes remain uptrends. And although we are overdue for a pullback, the best thing to do is follow the price action and avoid anticipation due to “noise”.  If/When we enter a market pullback, your process should stop you out of the trade… or…

U.S. Equities Trading Update: Bulls On Parade

S&P 500 Trading Outlook (2-3 Days):  BULLISH The S&P 500 (INDEXSP:.INX) and broader market seem likely to rally into mid-to-late next week. And despite the a brief stalling out in the NASDAQ (INDEXNASDAQ:.IXIC), sectors like the Semiconductors remain quite strong and should keep tech elevated for a few more days….

Can Tech Stocks Regain Mojo? 5 Charts For Traders

I have been concerned about the Nasdaq 100 QQQ PowerShares ETF (NASDAQ:QQQ) and the NASDAQ Composite (INDEXNASDAQ:.IXIC) since last month when we saw another breakout failure and then formed the diamond pattern shown in the chart below. The Nasdaq 100 has fallen 4 days in a row, while the Nasdaq…

Stock Market Trends Weekly Update – September 25

THE BIG PICTURE The broader stock market remains in an uptrend. And although we are overdue for a pullback, the best thing to do is follow the price action and avoid anticipation due to “noise”.  If/When we enter a market correction, your process should stop you out of the trade….

Nasdaq 100 (NDX) Trading Update: Topping Formation?

As mentioned in the title, the chart of the Nasdaq 100 Index (INDEXNASDAQ:.IXIC) is showing topping formations. The chart below shows overhead resistance… and how momentum is beginning to stall out for large cap tech stocks. Although pullbacks are likely to be bought, traders should use caution here.  Below is…

U.S. Equities Trading Update: Upside Limited

S&P 500 Outlook (2-3 Days):   BEARISH Upside is likely limited into Expiration as the rally stalls. There’s been no change in thinking given lack of movement here lately. While near-term trends have been positive, prices have the potential to reverse course into early next week. As stated yesterday, further gains likely…

S&P 500 Weekly Update: Some Short-Term Kinks

In the past week, there have been some warning signs for the stock market, but just in the short term. Longer-term, other than reaching some measured move price targets, potential fifth wave completions, and some frothy sentiment numbers, I still am fighting that we are near the end of the…