Stock Market Technical Indicators & Analysis
Dr. Wish These stocks reached an ATH recently and have had an oversold bounce, indicated by a black dot. They are sorted by close/lowest price past year. Interesting, NVDA is at the top. If I buy any OSB, I place an immediate stop below the bounce. Note the earnings dates. Holding through earnings has been treacherous lately, see QCOM and SDGR.
My OSB setup worked recently for AMPH.
As bonds fall rates go up. Something is off. Could this be related to the Fitch downgrade? Look at the red spikes. The market cannot fight rising rates. The QQQ short term up-trend, at 65 days is getting old. Most end before this, see chart below for 2006-2019. The end of a short term up-trend does not necessarily signal the beginning of a large down-trend, only a short term down-trend.
A black dot indicates an oversold bounce. SKX also had a GLB (green line break-out to ATH). Note the huge volume on Friday after earnings were released. I love their new slip-in shoes. I bought some.
PLTR is way down from its ATH= 44.91.
The GMI remains Green, at 6 (of 6).
