Month: February 2020
Bulls Are Dead
02/28 Multiple heavy volume sell-offs, reversal, gap-down, breakdown occurred within 1-2 weeks that smashed Dow Jones index and all major indexes with more than -13% off from record high. It is very s...
Dow Nose Down Diving
02/28 After yesterday Dow nearly -1200 drop, today is another 800-900 bloodshed at this moment. All major indexes are down 2-3% today that is about 12-15% down compared to 1-2 weeks ago on record high...
High Dividend Stocks
02/28 When stock markers and economy are going through tough period, it is important to select stocks that are both strong in performance as well pay dividends. Here are stocks that pay at 3% dividend...
Panic Selling, Black Monday and Potential Reversal
02/27 Unusual time, unusual actions. Last Wednesday was the record high for Nasdaq100 (QQQ) but this week the picture looks very different after series of high volume, high price drops. Tomorrow (02/2...
Corona Virus Kills the Bulls
02/27 Today is the third near -900 points drop in Dow Jones index since last week (02/20). Series sharp sell-offs across the board smashes stock market about -10% from its record high made just a week...
Major Breakdown And Distribution
2/26 Nasdaq 100 (QQQ) shows highly alert pattern from both price and volume behaviors. Gap-down breakdown cut through both 20 and 50 DMA in two days. The third day (today) came with similar outstandin...
Bears In Charge
02/26 Definitely, bears are in charge to control Dow after two heavy punches. Gap-down, vertical drop after final reversal warning signal creates technical damage that is hard to repair. It is heading...
S&P500 Breakdown Follow Through
02/25 As mentioned in previous 02/20 notes that S&P gave us clear reversal signal. Yesterday breakdown became reality. This gap-down breakdown is severe because it could be turning point of the de...
Nasdaq Next Support Level
02/24 Three stages up, three stages down. After Nasdaq top-out last week breakdown today, it would be important to know how low it will slide until meaningful support or rebound level. Based on previo...