Stock Market Technical Indicators & Analysis
Dr. Wish These big name tech stocks fell. However, many stocks were extended and by my definition, the number of NASDAQ 100 stocks that were extended fell from 42 on 12/29 to 5 on Tuesday. The range last week was 42-54% extended stocks.
AAPL is looking quite weak. This weekly chart shows a possible double top. Note AAPL found resistance at its green line ATH.
As long as the index is rising above its 30 week average (red line) and the 10 week average (dotted line) is above the 30 week average, then the index remains in an up-trend. I do not try to predict, only to determine the market’s current trend. The gray solid line is the weekly close.
Here is a list of CHAT’s holdings. Note the recent GLB, green line break-out, to an all-time high, ATH. CHAT came public in May of this year.
