Advanced Micro Devices (AMD) Attempting HUGE Fibonacci Breakout!
Semiconductor stocks have been leading technology stocks higher. And today’s Semi stock has been red hot: Advanced Micro Devices (AMD) As you can see on the “monthly” chart below, AMD has been ripping higher in recent months. But it’s important to note the shaded...
Tech Stocks Reach Important Price Resistance Level, Says Joe Friday!
The end of year rally has trickled over into 2024 and it has been lead by tech stocks. But has the rally gotten long in the tooth? “The facts, Ma’am. Just the Facts.” – Joe Friday Today’s “weekly” chart of the Nasdaq 100 Equal Weight Fund (QQEW) highlights an...
China ETF (FXI) Attempting Triple Bottom This Month!
It’s been over 15 years since China’s equity market was in a long-term bullish position. Now, don’t get me wrong- there have been plenty of medium-term trends to trade and make money, but the long-term chart for the major China ETF (FXI) has traded sideways since the...
Semiconductors (SMH) Trigger Buy Signal With Cup and Handle Breakout!
Not too long ago, we wrote about a potential cup with handle breakout for the market-leading Semiconductors ETF (SMH). You can read that here. Today, we examine a “monthly” chart of $SMH to provide an update on that powerful price pattern. As you can see, a breakout...
Bitcoin U-Turn? Reversal From Important Fibonacci Level Sends Bearish Signal
Bitcoin chatter is rising again. With new ETFs coming to market, crypto investors are getting very bullish. Is this a good thing? Or is too much bullishness about to send Bitcoin spiraling? Today we look at a long-term “weekly” chart with Fibonacci levels to show why...
Is Copper About To Send A Macro Economic Message To Investors?
After peaking in 2021, copper prices declined sharply before bouncing around for a few years. That “bouncing” ended up following the twists and turns of Fibonacci rules. And we can see this in today’s “weekly” chart of Copper. Yes, Doc Copper seems to be under the...
Key Market Indices Attempting Breakouts of 2022 Highs, Says Joe Friday
After a big year-end rally, the stock market attempts to consolidate gains in January. That consolidation has several stock indices and ETFs trading near recent price highs. “The facts, Ma’am. Just the facts.” – Joe Friday Today’s chart 4-Pack highlights a key bank...
Important Bond ETFs Trading At Critical Resistance!
When interest rates fall, bond prices rise. And while it has been some time since we’ve been able to say interest rates are dropping, the past few months have done just that. The pullback in interest rates is coinciding with investors optimism that the Federal Reserve...
2 Key Stock Indexes Testing Breakout Levels At Same Time
For the past two years, the Russell 2000 and Value Line Geometric Indexes have been lagging. Recently, however, both have come alive… adding a tailwind to the end of year rally. BUT these short-term rallies may be in trouble. Which also could mean that the broad...
Large Cap Tech Stocks Possibly Repeating 2021 Pattern, Says Joe Friday
We have spent a lot of time discussing the importance of technology stocks and how this area of leadership is a great “tell” for what’s to come. Today, we look at the Nasdaq 100 Equal Weight ETF (QQEW) and highlight why market participants should be watching right...
