BREADTH HAS COLLAPSED – 10 COMPANIES ACCOUNT FOR 46% OF S&P 2017 RETURNS –SOURCE: 05-11-17 ZeroHedge – “Just These Ten Companies Account For Half % Of The S&P’s 2017 Returns” — Two weeks ago – as of April 28 – we presented readers with a striking statistic from Goldman Sachs, showing just how much breadth […]
Coming from a lift that ran from $3.75 in 2009 to $64.00 in 2015, SBUX has been consolidating (roughly) between $52.00 – $62.00 since. Looking at the weekly chart, a wedge pattern from the high in 2015 can be seen and it has been recently broken (March 27th, 2017). As well as the wedge […]
ORLY had a strong lift through 2015 that topped out in the summer of 2016. The first signs of weakness can be seen in the summer of 2016, where the market first broke the trend from the end of 2015. The subsequent bounce, lift to new highs, and then the fall off since Jun 2016, […]
NKE had been in a strong down trend since the end of 2015; this was broken out of at the start of Feb. this year. The daily chart shows a lift through the down structures resistance and then a drop to retest it. It is possible that the retest is the start of a new […]
GOOGL has been lifting within a channel since 2012; increased in velocity last year; and has most recently just broken out of the long term channel. IF this market continues to lift,we have the next target level around $985.00 (Fibonacci extension). Lifting above recent highs could be a technical trigger consideration. It would be normal […]
NFLX has recently moved to channel resistance (weekly), and may be breaking up out of this (daily). Waiting for the highlighted level around $160.80 offers less risk, helping to add confirmation of a break from the channel (of course there is no guarantee). Mindful of pull backs and a retest of the channel potentially broken, […]
The weekly perspective for AMZN shows a rise occurring within a contracting wedge pattern, and we can see the most recent weekly bar has touched the patterns resistance. Note the overall movement and how it has respected / bounced between the horizontal dashed Fibonacci levels. On the daily chart the last daily bar gapped open […]
AAPL, AMZN, FB, GOOGL, MSFT, TRIGGER$ May 2017
AAPL,FB,AMZN,GOOGL,MSFT OF 2500 NASDAQ STOCKS ACCOUNT FOR 45% OF GAINS — SOURCE 04-24-17 ZeroHedge – “0.2% Of Nasdaq Companies Accounted For 45% Of Its Recent Gains” — Just five of the more than 2,500 companies in the Nasdaq Composite Index are largely responsible for Tuesday’s first-ever close above 6,000. The big five are Apple Inc., […]
AAPL, AMZN, FB, GOOGL, MSFT, TRIGGER$ May 2017
FIVE STOCKS ACCOUNT FOR 28% OF S&P’s 2017 RETURNS – AAPL,FB,AMZN,GOOGL,MSFT. — SOURCE 04-28-17 ZeroHedge – “Just These Five Companies Account For 28% Of The S&P’s 2017 Returns” — On the last day of the busiest earnings week in a decade, here is a striking statistic from Goldman Sachs, showing just how dominant a handful […]
Facebook has been in a rising channel since 2013 (Weekly). Note that with a few exceptions, the lift has remained in the top half of the channel. The market is now at the top channel resistance and a significant technical point. IF the market continues to lift then it could be breaking out of the […]
