Coronavirus-related fear has impacted stock markets across the globe but a few of the US majors have held up rather well for the time being. In this post I consider support levels in a worst-case type of scenario for a number of high profile US stocks in case this sell off continues.
I have also been asked to review QQQ so here is how I’m currently seeing this ETF. The QQQ ETF tracks the NASDAQ-100 index which a stock index made up of around 100 of the largest non-financial companies listed on the NASDAQ.
This post was prompted by an ATAA member asking for me to look back at charts of past market pullbacks and to try and find any recurring or identifiable chart patterns. I checked back through the S&P500 and ASX-200 and, whilst it wasn’t a chart pattern, a chart phenomenon did emerge: that being a pullback […]
Coronavirus-related fear has triggered pullbacks across many stocks but some sectors are likely to be more vulnerable than others: airlines are just one that come to mind. This article contains a few charts that I think are worth watching for any continued weakness and I’ve noted levels that I think are worth monitoring; not for […]
One of my followers emailed me this morning asking if I could see a bullish-reversal Inverse H&S setting up on Silver. I can, sort of, but still see $20 as the stumbling block resistance to get past here.