Tech bounced to start the week, but the story has not changed. The larger timeframes still carry weekly squeezes on key names, while the 15 minute through hourly charts have flipped bearish on most of them. QQQ remains below key … Read more

The /NQ traded lower into this morning, and the pressure stayed on the Big 10 names, tech and chips especially. SPX spent Wednesday fighting to hold its daily 21 EMA, and QQQ still has to lighten up before any bounce … Read more

We had a really good week over in the alert room last week, and this week has proven to be a bit more challenging so far. The bigger picture is still intact across the big names, the short term is … Read more

The market is catching its breath this week. The bigger squeezes on my list are still fully intact, but the shorter-term charts on /NQ and /ES have gotten sloppy. I am being extra patient about adding new positions, and hanging … Read more

QQQ hit its extension today, and this is a very tech and chip heavy market. QQQ ranks at 98% on my Scorecard and the S&P 500 at 96%, while RSP sits at 14% and the Dow at 8%. Let’s take … Read more

The tape looked solid this morning. MU reported last night and was flat in the pre-market, and with that report behind us, QQQ, NVDA and MSFT all look breakout ready. That makes this a good week to show how I … Read more