Category: nasdaq

  • Expect a Bounce in Nasdaq

    The bullish setup that I had been watching and trading in the Nasdaq was obliterated earlier this week. While the trend is now decidedly bearish, we are nearing a strong support zone that could provide a bounce that can be traded. If QLD (leveraged long Qs) drops down in the…

  • Freshly Squeezed

    Days like today tend to turn smack talking bears into nervous nellies with itchy trigger fingers. This gives rise to a nice little stock market pop that makes everybody wonder if we really have seen th worst of it and bottomed. Maybe we have, though I seriously doubt it. More…

  • Chart: Analyzing the Nasdaq Composite

    Wow, that was some fakeout we saw today. Once the Nasdaq broke down below 2350 and the recent low, I was sure we were headed for a retest of the 200 day MA. Now I’m not so sure. The Naz (and other indexes), printed quite a powerful candle today on…