Stock Market Technical Indicators & Analysis
The Nasdaq 100 stocks (QQQ) are very over bought with about 44% having a daily 10.4 stochastic greater than 80. The QQQ is also near the top 15.2 daily Bollinger Band. A short term decline is likely although the longer term trend indicators remain firmly up.
I meant to post this table on Monday. By the way, Judy reminded me that she also likes DIS as a Star Wars play.
My stock buddy, Judy, has been talking to me about IMAX for years, but recently she urged me again to consider IMAX along with HAS and EA, all companies that might do well with the coming release of of the Star Wars movie in December. So I own all three companies. I am posting their weekly modified GMMA charts below to show they are all in RWB up-trends. I will hold all three until December, unless the market weakens greatly. IMAX and HAS are also above recent green line tops, at all-time highs. EA is heading towards its last green line top.
