One stock does not make a market….yet if their was one stock that could send a major market signal…could Apple be the one??? CLICK ON CHART TO ENLARGE Apple almost doubled in price since the lows of 2/2010. Now a support line drawn from those lows is being put to a key test at (1). [...]
Why are we attempting to score on defense in the Tech sector? Nothing more than following what the “Power of the Pattern” is suggesting in the charts below… CLICK ON CHART TO ENLARGE Game plan….Currently have an overweight position in PSQ, attempting to score on defense in the Tech sector. Not the best looking charts [...]
Took profits on the Semiconductor ETF XSD almost a month ago, after a nice relative strength play. (see post here) Even though the 500 and NDX 100 have done well over the past 90 days, the Semiconductor ETF (XSD) is up almost twice as much. CLICK ON CHART TO ENLARGE Networking ETF (PXQ) is breaking [...]
Am going to harvest the Semi ETF (XSD) right now. CLICK ON CHART TO ENLARGE Game Plan…Taking gains in XSD right here due to the quality relative strength gains in the past couple of weeks.
A week ago today an upside breakout looked to be taking place in the Semiconductor Index ETF (XSD), suggesting that we should be a buyer and to look for “relative strength” in this position (see post here) CLICK ON CHART TO ENLARGE Quality price action is taking place in this ETF and relative [...]
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