PayPal (PYPL) met resistance at MA20 and plummeted to near the 2.5-year light blue uptrend line and the 6-year orange uptrend line. These two are major supports and may help…
Posts tagged as “Nasdaq”
Nasdaq 100 rose 0.8% (+120 pts), closed at 15140 points, rose 4 days in a row, crossed above MA20 and MA200 (15076 pts, 15029 pts). Among the 150 largest-cap stocks,…
Nasdaq 100 rose 0.6% (+89.7 pts), closed at 15020 points, rose 3 days in a row, is testing MA200 (15022 pts). Among the 150 largest-cap stocks, 111 (74%) closed higher.…
Nasdaq 100 jumped 3.3% (+475 pts), closed at 14930 points, the best % gain in nearly 11 months, fell -8.5% (-1390 pts) for the month. Among the 150 largest-cap stocks,…
Apple (AAPL) bounced off the orange horizontal support, breaking through the light blue channel/wedge top. It is now testing MA20 and MA50. The correction is stabilized as long as the…
Nasdaq 100 largely rebounded 3.2% (+452 pts), closed at 14455 points, the best % gain in more than 10 months, rose 0.1% (+17 pts) for the week. Among the 150…
Tesla (TSLA) failed the orange horizontal support and is now testing MA200 and the blue uptrend line. Should it fail them also, the uptrend will be damaged. Also, more than…
Nasdaq 100 fell -1.2% (-170 pts), closed at 14003 points, a 155-day low. Among the 150 largest-cap stocks, 49 (33%) closed higher. Only 18% of all Nasdaq stocks ended higher.…
Nasdaq 100 slightly rebounded 0.2% (+23.8 pts), closed at 14173 points. Among the 150 largest-cap stocks, 50 (33%) closed higher. Only 33% of all Nasdaq stocks ended higher. In terms…
The Nasdaq market breadth of 250-Day New High minus New Low has touched down the yellow oversold band, which has been a strong support except for 2008 and 2020 (much…