Stock Market Technical Analysis Review July 27, 2007

Stock market video technical analysis and for Thursday July 26, 2007 including; Nasdaq 100 Trust Shares (NASDAQ:QQQQ), S&P 500 Index (AMEX:SPY), Semiconductor HOLDRs (AMEX:SMH), iShares Russell 2000 Index (ETF) (Public, NYSE:IWM), Trend analysis for daytraders and swingtraders of stocks and options. Trading stocks involves risk; this information should not be viewed as trading recommendations.

Comments

ONLY PRICE PAYS!! Obey the trend! I have found that the comments below the posts are a big distraction to my trading. What I have decided to do for now is to continue to publish comments (as long as they are not written with malice) but I will not be responding to them.

Apple is not THE MARKET

The strength in AAPL is impressive for sure, but one stock cannot carry the market. Yesterday I warned that there were mixed signals in the market and that the proper course of action was to take it easy until the picture became clearer. For the Qs that means trading back above the neckline near 49.70. … Read More

Stock Market Technical Analysis Video Review 072507

Stock market video technical analysis and for Wednesday July 25, 2007 including; Nasdaq 100 Trust Shares (NASDAQ:QQQQ), S&P 500 Index (AMEX:SPY), Semiconductor HOLDRs (AMEX:SMH), iShares Russell 2000 Index (ETF) (Public, NYSE:IWM), Trend analysis for daytraders and swingtraders of stocks and options. Trading stocks involves risk; this information should not be viewed as trading recommendations.

Daily Pivot

Seems to be acting as resistance on the Qs and the market is also back below the daily VWAP. I think a bounce should have materialized by now if it was going to happen. There really are no clear signs, for most participants I think the best position is cash. I am long some QID … Read More

Bounce?

Keep in mind that there are still many mixed signals from various timeframes which tells me there is uncertainty in the market and that traders need to be very defensive. The advance/decline stinks today, the 5 dma is still declining, there is still potential for resistance near 4960-4970, etc.

Go Slow

Pre market, the Qs have traded as high as 49.70 (right up to the neckline) but are now backing off a little. The daily trend of the Qs is still clearly higher but I think the market is due for further weakness in the short term before it can turn higher again. Do not chase … Read More