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 […]
Last spring we gave some potential technical entry considerations for the FANG & NOSH stocks. Below is the watch list given showing the Long & Short considerations, the current price as of this post, and the return that could have resulted. Note that all the markets are currently off their 52 week highs and even […]
FACEBOOK AT CRITICAL SUPPORT – NEEDS TO FIND FIRMER SUPPORT – TREND CHANNEL SUPPORT AT $104
A Near Term Trading Opportunity in the World’s Most Crowded Trade? The world’s largest, most active overweight crowded trade is in Amazon.com stock At 175x P/E what could go wrong? – An Overall Post TRUMP Rally / YB Consolidation / Correction?? Ending Diagonals Are usually dependable trading patterns. They aren’t unusual. What is unusual is one […]