This NASDAQ article is an update to one that I wrote in November. I have been trading the NASDAQ and its stocks for some time now and wrote my first article on them back in September this year. The NASDAQ actually traded above 4,800 for part of the last trading day of November, I know because I watched it, but […]
FX markets might be a bit slow but the same cannot be said about stock markets. Some stocks look as if they might be getting ready to breakout and one of these is Applied Materials Inc (AMAT). AMAT is just one of the NASDAQ stocks I am stalking and I have been selling Puts here […]
The USD has recovered a bit today and this price action has formed up into a symmetrical triangle pattern. Trend lines, and any breaks thereof, may help traders to assess any new breakout move and will be worth monitoring on the release of US CPI and FOMC.
The E/U has had a bullish week thus far and has closed the day above the 1.25 level. This may seem odd given the current disparity between the EZ and US economies but technical signs, noted here over the w/e, had pointed to such a possibility.
I noted in my w/e analysis how the US Bonds ETF, TLT, looked to have made a classic, triangle breakout move. That is, a breakout and pullback to test support before bullish continuation.