I have been writing about how I am looking for a test of 4,800 on the NASDAQ index since this key level was broken at the end of last month. I had started to lose hope that a test would evolve but recent price action suggests that a deeper pull back might be in store and, […]
The following tickers came up with a BUY signal based on their daily charts following a weekend scan of the NASDAQ-100. These were the ones that had the most interesting monthly charts and that seem to have room for further price movement based on their trading history. The price as of Friday’s close is noted for […]
Stocks sold off after Friday’s NFP and that selling has carried over into today’s Asian session. I had previously mentioned that I am looking for a pullback on the NASDAQ; back to at least test the 4,800 level. That is still the case but, if that level is broken, I will then look for clues […]
The NASDAQ has finally printed a monthly close above the key 4,800 level. It is my thesis that this monthly close above 4,800 will trigger a bullish ascending triangle breakout similar to those already seen on the S&P500 and DJIA. This bullish close may now enable numerous trading opportunities on a range of NASDAQ stocks.
There are a few global stock indices and ETFs threatening to break up through major resistance levels this month to trigger bullish breakout moves. These are worth watching after Friday’s close to see whether they can initiate such a move.