The market rebound has extended to our high expected range. But now risk has returned. Different risk factors point in different directions at this point. We discuss in the Daily Briefing.
Market Snap-Back Rally Extends to Expected Historical Range Read Post »
Based on near-term indicators, the market should see continued upside early the week. Santa rally could also contribute to the the markets higher as we go into year end. Chances are we get more selling right after that.
Market should see some upside this week following last Friday’s Rebound Read Post »
A market correction is now underway. With the indices deeply oversold and many indicators already flashing extremes, we should see a rebound of some kind ahead of another leg lower.
NASDAQ-100 (QQQ) now in a Full-Blown correction Down 5.5% Read Post »
Markets reach extremely oversold territory and set to see a substantial bounce as early as tomorrow Thursday Dec 19.
Brand-based selling going on across the NYSE as breadth weakens in the stock market going into the fed. You’d never know this looking at the SPY/QQQ.
$NYMO oversold despite QQQ/SPY holding up ahead of the Fed Read Post »
While the Dow & Nvidia are showing signs of a bottom, the NASDAQ-100 is doing the exact opposite. The risk remains high to put on near-term trades until the QQQ pulls back.
QQQ extends it rally to 8.8% which is now in-line with the typical range of 8-10% for these types of rallies. But the Dow & Nvidia continue to decouple.
QQQ & Dow Continue to diverge as QQQ Rally extends to 8.8% Read Post »
Today’s reversal on the QQQ further adds to the weight of evidence that a pull-back of 3-4% is imminent for tech stocks.
market risk & probability for a Near-Term sell-off next week reaches a high point Read Post »
NASDAQ-100 (QQQ) trading action highly supports our Current Outlook which calls for the QQQ to sustain a 3-4% pull-back after reaching a $530 peak. Nvidia (NVDA) in danger of briefly losing the $130 level on the next pull-back.
NASDAQ-100 (QQQ) continues its course Toward a 3-4% pull-back in the Coming Days Read Post »
NASDAQ-100 (QQQ) rallies extends to 7.11% which is far more in-line with the typical range for a segmented rally. Today we discuss the main reasons for why the QQQ is likely to peak right around these levels with a few risk factors worth mentioning.