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When the markets are choppy and seem a little indecisive, it can be hard to make money consistently. It becomes a stock pickers market, where some stocks are doing well, others may be struggling. Various sectors of the markets are currently a bit choppy, so we'll discuss that here on this Friday, the last trading day of the week...
NASDAQ - After last weeks sell down, the NASDAQ landed above the 50sma and at this point that level has held as support, but it has been choppy here this week.
Read MoreIf I could ask for 1 wish pertaining to the markets, that I thought would benefit many people, it would be...
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QQQ - At this time, the 50sma is still holding up the QQQ as support again. The markets sold off on Wednesday , but fought there way back again. Volume is heavier on the downside than the upside, so it needs watching.
Read MoreYou'll see why I chose this Theme Pic shortly, but first let's do our Big Picture Weekend Review...
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SPX WEEKLY - We have a weekly swing high, and I have been expecting a pull back to a dcl, even an ICL.
Read MoreToday is Friday, the last trading day of the week. Let's discuss just a few details of this weeks activity...
Read MoreI have been expecting a pull back in the General Markets, but notice what happened on Wednesday...
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NASDAQ - That had a pretty good size drop and the volume increased. Also look at 3 month daily charts of TWTR, FB, GOOG, ( Even AMZN yesterday) , SQ, etc. They are dropping from the highs, so ...
It looks like the pull back has started, however,
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DJIA - The DOW closed higher with increasing volume. Interesting, and ...
Read MoreThe theme picture that I drew up speaks for itself. I will address that after a market review...
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SPX - The SPX broke out above the upper trend line, but dropped back down on Thursday. We see a gap & the 10sma below, these could be initial targets, so let's see how things play out.
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