Spooky Gaps on The Nasdaq Composite

Spooky Gaps on The Nasdaq Composite

The NAZ gapped up after breaking its 200 day moving average, then after moving above its 50 day moving average, and today on making new highs. Today’s gap, while not fitting the definition of an exhaustion gap, is a little…

Index Indecision

Index Indecision

Call them “dojis” or “spinning tops,” the narrow opening and closing ranges on the daily candles of the major indices, reflect indecision. Traders are unsure about the effects of revisions in Federal Reserve policy going forward, and this perplexity is…

Twitter and IBM Data Partnership Reaction

Twitter and IBM Data Partnership Reaction

There was little reaction on the charts of IBM and Twitter to the data partnership announcement. There are still gaps to be filled and technical work to be done.

Facebook - Back Below 50 DMA

Facebook – Back Below 50 DMA

The opening gap lower in shares of Facebook (FB) has taken the stock price back down below its 50 day moving average and into lower Bollinger band range.

ServiceNow Positive on Multiple Timeframes

ServiceNow Positive on Multiple Timeframes

The weekly chart of ServiceMow (NOW) shows the stock trading in a horizontal channel since June of this year. The chart also shows the RSI and MacD trending higher during the consolidation period, and Chaikin Money Flow turning positive, reflecting…

Tesla - Below 200 DMA

Tesla – Below 200 DMA

Shares of Tesla (TSLA) closed below their 200 day moving average for the first time since 2012, and remained below a trend line drawn off key 2013 and 2014 lows.

Reader Request: Rubicon Technology

Reader Request: Rubicon Technology

Peter requested my technical take on Rubicon Technologies: Rubicon Technologies (RBCN) makes scratch-resistant sapphire screen displays for smartphones and smart watches. There have been fundamental issues regarding the product and competition in the space, and the net effect on the…

Volume is Evaporating

Volume is Evaporating

The October bounce: Don’t look now but volume is leaving the building.

Amazon at 50% Retracement of 2014 Range

Amazon at 50% Retracement of 2014 Range

Shares of Amazon (AMZN) are trading down below the 50% retracement level of their 2014 range in the after-hours session, the $284.00 level that marked the March low this year. The integrity of this level could determine the intermediate term…

The Fibonacci Range Rules on the Index Charts

The Fibonacci Range Rules on the Index Charts

The major market indices continue to move within the parameters of the Fibonacci retracement levels measured off the September high and the October low.