‘Uncategorized’ Archive

Semiconductor Index faces important dual resistance test

CLICK ON CHART TO ENLARGE Over the past two years the Semiconductor Index (SOXX) has done really well. The chart below reflects that it has gained 62%, which doubled the performance of the S&P 500. The rally over the past two years has pushed the SOXX index up to its 50% Fibonacci retracement level based […]

Macro Monday….This is not your fathers support test!

CLICK ON CHART TO ENLARGE Today’s “Macro Monday” post takes a look at the message billions of free thinking people (BFTP) are sharing in regards to a basket of important assets, that impacts our lives on a daily basis. I am not sharing today what this asset is, because I want 100% of the focus […]

Nasdaq set to close at monthly all-time high after 15 long years

CLICK ON CHART TO ENLARGE As the month comes to a close, today a first in the Technology industry could take place. At the same time, the Nasdaq Composite and Nasdaq 100 index could both reach¬†“all-time monthly closing highs.” This morning the Nasdaq Composite index starts the day, 415¬†points above its 2000 monthly closing highs. […]