This chart is a clear breakdown on the performance of the NASDAQ (QQQ ETF) (Tech/Growth Heavy Index ETF) relative to the performance of the S&P500 (SPY ETF). The Chart is a simply relative performance calculation by taking QQQ ETF and dividing it by SPY ETF How to read this chart: If it's going up - Nasdaq outperforms the S&P500 If it's going down - Nasdaq...
NASDAQ:AAPL Apple with a lot of momentum - pushing it over our $124 resistance. Question of the day; Are we going to close above or below the $124 level? The 1h chart is pointing to a perfect sit above that horizontal support of $124. A successful close and validation of that support could clear $AAPL to potentially test $127 before the end of the year....
NYSE:BABA BABA on a rollercoaster ride with several negative catalysts getting priced-in causing a significant pullback. Down about 17% from its ATH (as of the time of this writing). Waiting for $265 validation of support, watching two other support levels at $257, all the way down to $240. A breakout of $275 resistance is critical to have a chance to test $280...
TEAM! I just created this new index which includes FAANG + Microsoft + Tesla + Nvidia. We will continue to track this index and it will serve as a regular update on big tech. I am going to create some new indices which will be sector specific (EVs, Financials, Biotech, etc)...Let me know which indices you all would like to see and keep track of. This is an...