Blog Archives

Possible hanging man Candlesticks on Several ETF Indices

There exists several possible hanging man candlesticks on several indices as of the close today.  The nasdaq composite in particular has a very potentially bearish looking hanging man candlestick.  It also has a red real body.  Hanging man candlesticks are points in the market that offer potential turning points however

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Posted in SP500, Tech Stocks
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It has been a Frustrating Up Down Market

This has been a very frustrating market period.  August was down.  And now here we are in Mid September and the market is not falling apart, just bouncing. I guess markets are supposed to frustrate people, that is just what they do.  Sideways trading ranges have a tendency to make

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Posted in Tech Stocks
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QQQ is Showing a Bullish Spring Based on Volume and Price

I do not know why I did not notice this before.  Perhaps it is because I have not been following the markets as closely as usual.  I have been a bit pre occupied with other business lately and have not gone into as much depth on various market indices as

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Posted in NDX 100, Tech Stocks
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Game Set and Match all Riding on the QQQQ and AAPL Inc

Apple Inc. makes up quite a large percentage of the QQQQ ETF  and makes it hard for the QQQQ or Nasdaq to outperform if AAPL is trading extra weak on any given day.  This is what appeared to be happening last Friday 3/18/2011.   Apple was trading weak for a good

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Posted in Tech Stocks
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Nasdaq Monthly Price Chart Showing Shooting Star Reversal Candlestick

There are two trading days left in February and currently the nasdaq composite index is showing a very bearish looking monthly shooting star reversal that has formed after testing the old 2007 all time highs.  This is clearly a sign of supply coming into the market and suggests we will

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Posted in Market Timing, Tech Stocks
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AAPL Apple Inc May Top Out Near 400 and Change

The very long term semi log bar chart of Apple Inc seems to be suggesting that it could top out near 400 and change.  Today Apple Inc closed at 363.13 and so it seems not too far away from this round number target. Apple Inc has clearly been a monster

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Posted in Tech Stocks
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Nasdaq Composite on a Date with Destiny

This may be one of the most important posts and charts I have posted in a long time. Market index analysis has a habit ( at least to me) of being MOST of the time fuzzy around the edges.  But occasionally it starts to crystallize into a clearer picture and

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Posted in Index Trading, International Indices, Long Term Charts, Long Term Trading, Tech Stocks
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Nasdaq Still Bullish if it can Hold 2757

The Nasdaq Composite would still remain in a bullish stance if it can hold 2757 support both today and on the last trading day of the week tomorrow 2/10/2011.  The Nasdaq appears to be currently doing a classic Wyckoff Retest of the break out area. The market has continued to

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Posted in SP500, Tech Stocks
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Nasdaq Composite Likely Headed for 2850 to 2900 Range Before True Reversal

The Nasdaq Composite appears to be on a mission for 2850 to 2900 range, possibly in blow off or parabolic fashion.  The nasdaq today did a key reversal hammer after a several week consolidation and could imply a big move up that kicks off tomorrow. I am considering the possibility

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Posted in Index Trading, Long Term Charts, Market Timing, Tech Stocks
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AAPL Apple Inc about to Take some Left Hooks to the Face

Apple Inc. AAPL is still showing what looks like a bearish divergence between MACD histogram and price.  The current upside reactionary rally is pushing to higher highs on lower and lower volume and the juice is drying up.  Today not only does it push to a higher high on much

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Posted in Stock Setups, Tech Stocks
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