21 Aug 2018

QQQ Bull-Fear Tug Of War Intact, But Bulls Face Waning Momentum

by | posted in: Equities, Technicals | 0

QQQ bulls faced channel resistance a month ago, but defended channel support of different duration.  They are, however, facing headwinds of waning momentum. The bull-bear tug of war continues on QQQ (Invesco QQQ Trust).  On July 25, bulls were rejected … Continued

14 Aug 2018

Russell 2000 Up Strong 9.1% YTD – At Critical Technical Juncture

by | posted in: Derivatives, Equities, Technicals | 0

Small-caps have rallied nicely year-to-date.  Supposedly, they benefit the most from last December’s tax cuts and are also considered insulated from negative effects of a trade war.  They now sit at critical technical juncture. Over the last eight weeks, the … Continued