Rare air for the QQQ, trading 24% above its 200-day average. Stretched? Sure, but also consistent with a move coming off market lows. Not much endorsement from ETF flows either. pic.twitter.com/DEO7dqds9O — Todd Sohn (@Todd_Sohn) June 20, 2023 Today’s Chart of the Day was shared by Todd Sohn (@Todd_Sohn). The mild ~2% pullback over the […]
Chart of the Day – Monday, May 8, 2023
#NQ_F, 4hr Break or not to break pic.twitter.com/VQUCtWsNfA — Yuriy Matso (@yuriymatso) May 8, 2023 Today’s Chart of the Day was shared by Yuriy Matso (@yuriymatso). Nasdaq 100 futures inched higher by +0.26% today, but that was enough to mark a nine-month closing high. Yuriy points out that the index is attempting to clear resistance around 13350 […]
Chart of the Day – Monday, April 24th, 2023
busy earnings week pic.twitter.com/iKVINWSLzy — Brian Shannon, CMT (@alphatrends) April 24, 2023 Today’s Chart of the Day was shared by Brian Shannon (@alphatrends). With a busy week of earnings and economic data ahead, Brian points out that the Nasdaq ($QQQ) is testing its VWAP anchored to the November 2021 all-time high. Price has been hugging this […]
Chart of the Day – Monday, April 17th, 2023
Big tech is tight. Trading in a 3% range for more than 2 weeks.$QQQ pic.twitter.com/5dvuJaiv8r — Greg Rieben (@gregrieben) April 17, 2023 Today’s Chart of the Day was shared by Greg Rieben (@gregrieben). Greg points out that $QQQ has been trading in a tight range of less than 3% so far this month. Keep in mind, this […]
Chart of the Day – Wednesday, March 29th, 2023
$QQQ Coffee anyone? ☕️ pic.twitter.com/wdyMAmtgZI — TrendSpider (@TrendSpider) March 29, 2023 Today’s Chart of the Day was shared by TrendSpider (@TrendSpider). It’s a 65-min candlestick chart of the Nasdaq 100 ETF ($QQQ) over the past two months. Today, the media declared that the Nasdaq is in a new bull market, as it’s up more than 20% […]