Charts
Chart pattern, indicators, drawing, etc
When and where will the QQQ trend break ?
June 23, 2020, 10:20 pm EDT When and where will the QQQ trend break ? Technology stocks, represented by Nasdaq 100 or QQQ, made very strong and long uptrend for the past 3 months. It is unusual but we...
Strong Finish at the Last 15 Minutes
June 21, 2020, 1:11 am EDT Strong Finish at the Last 15 Minutes VRTX, INCY, AMGN, ALXN, CERN all finished strong at the last 15 minutes before market close on Friday 06/19. Furthermore. Volume spikes ...
Charting Update
June 17, 2020, 8:22 pm EDT Charting Update Last Thursday 06/11 gap-down, breakdown, island reversal offered an ideal observation point for the next move of the stock markets. Here are follow-up points...
Major Reversal Challenges 3-month Channel
June 14, 2020, 11:45 pm EDT Major Reversal Challenges 3-month Channel It is important to examine the DJIA chart carefully to see what happened on 06/11 Thursday 1800 points drop and 06/12 Friday near...
Gap down, Breakdown, Island Reversal
June 11, 2020, 6:16 pm EDT Gap down, Breakdown, Island Reversal Today is important because it marked the end of the rally since March to yesterday. All major indexes rallied 40-50% during the past 50+...
Gaps as Hints
June 9, 2020, 10:32 am EDT Gaps as Hints Gaps are formed from sudden change of momentum, either up or down. It means market bias changes suddenly overnight to a much higher degree that goes beyond pas...
Leadership Rotation
05/29 May 29, 2020, 12:19 pm EDT Leadership Rotation Index leadership changes from Nasdaq to Dow Jones (QQQ vs DIA as shown) after May 26 Short-term overbought: AAPL, GOOGL, FB, MSFT, AMZN, NVDA due f...
Dow Jones Breaking Out
05/26 Technically, the Dow Jones index is breaking out with a strong gap-up today to a new high after the Feb-March drop. Although volume is always mild or low throughout the entire rebound process, b...
QQQ Stays Strong
It is hard to believe but QQQ rallied near 40% in about two months. Overbought condition needs to be resolved with certain pullback but it does not happen yet. So, let's stay bullish unless lower bou...