NVIDIA (NVDA) is currently trading roughly 40% above its 50-day MA, hitting +2 standard deviations, having last done so in May of last year. In the past two years, every…
Posts published in “US Stock Analysis”
The S&P 500 index has risen +3.3% since February, but looking back over the 50 years from 1974 to 2023, February ranks as the third-worst month, with an average gain…
Despite recent all-time highs for the Dow Jones Industrial Average (DJI), S&P 500 (SPX), and Nasdaq 100 (NDX), the Dow Jones Transportation Average (DJT) has failed to surpass the late…
S&P 500 has been overbought for a while, sparking concerns of an impending correction. In the chart, the orange area represents the S&P’s distance (%) from the 200-day moving average.…
In the past two years, the 50-day Correlation between Apple (AAPL) and Microsoft (MSFT) stock prices has consistently been positive, meaning they moved together. However, recently, the correlation has turned…
Netflix (NFLX) plummeted -35%, gapping down to test the blue horizontal line. It is now at a 4-year low. Should this blue line fail, the next major support would be…
QUALCOMM (QCOM) consolidates within the yellow gap. Should it break down the bottom of the gap, the next stop is likely to be the orange horizontal line at around $121.…
Lowe’s (LOW) failed MA200 and the orange up-channel bottom. If it further breaks down the blue horizontal line, the next major support would be the purple horizontal line at around…
NVIDIA (NVDA) broke out of the blue double bottom neckline, hitting a 52-day high. If the neckline holds, the double bottom target would be the orange horizontal line at around…
Adobe (ADBE) retreated from MA50 and the 6-year light blue uptrend line. If it fails the purple horizontal line, it would at least drop to the 50% retracement level around…