AVGO Below 299.60 Signals Decline Toward 235
$AVGO - Reports on Wednesday. Given what we saw from all big tech stocks so far the most bullish reaction would be a post earnings spike but not to a new ATH or even close to it. On the other hand, a weekly close below the yearly pivot at 299.60 will confirm that it made a major top in December and will lead to a decline to its 100 week MA that is currently at 235.
S&P Holds Above 100‑Day MA, Bulls Remain Confident
$SPX - Yesterday's gap was filled. Still trading above the 100 day MA. As long as it's above the 100 DMA there's no reason for the bulls to be worried. And even if it closes below the 100 DMA we...
NVDA Slides, Targeting 200‑day Support Near $175
$NVDA - Selling off like every big tech stock in this earnings season so far. The immediate downside target is the 200 day MA around 175. https://t.co/TJUNKNN6qL
QQQ Holds Above 100‑Day MA, Eyes NVDA Earnings
$QQQ - Closed above the 100 day MA after a big up day. This marginal close above the 100 DMA with a big gap is fishy but it remains to be seen what happens tomorrow after NVDA earnings. If it...
Oracle's 61% Drop Signals Bear Market Near End
$ORCL - Bottomed at the 200 week MA in early February. The 5 month crash from September to February was significantly bigger than the 2008-2009 and 2022 bear markets in which the drawdown didn't surpass 43%. The drawdown of the...
QQQ Likely Bottomed Feb, Bounce to 614 Ahead
$QQQ - The low for February is probably in though the low of the downtrend that started on January 28 probably isn't. I expect it to bounce to at least the 100 day MA at 614 before we get another...
IGV's Record Volumes Signal Market Capitulation
$IGV - On February 4 it had the biggest volume in history. The next day it had the 2nd biggest volume in history. Yesterday it had the 3rd biggest volume in history, and today it's having the 4th biggest volume...
S&P 500 Tests 100‑Day Support, Weekly Bearish Outlook
$SPX - We had a bearish reversal after hitting the 20 day MA on Friday but found support at the 100 day MA for the 3rd time in February. Closing below the 100 day MA may turn the weekly trend...
IGV Approaches Fourth Repeated Low in 21 Months
$IGV is crashing another 5% today. It has undercut the April 2025 low, but in the last 21 months IGV made 3 separate intermediate term lows in this price range: May 31 2024 - 76.10 August 5 2024 - 75.96 April 7 2025...
