Charts Archives - This Week on Wall Street | Investment Managers and Traders

QQQ

by Doug McKay | May 12, 2021 | Charts

Q’s Update: It’s a toss up. A case could be made for both bulls and bears here. Closed below the 50 Day along with the 20 Day potentially rolling over the 50 Day for the bears. Holding the (arrows) trendline so far this morning for the bulls and trading...

Heavy Homebuilders

by Gary S. Morrow | May 12, 2021 | Charts

The XHB(SPDR S&P Homebuilders ETF) is getting hit hard again today. The index broke below the lower band of its ten week bull channel on Tuesday and is now trading at fresh May lows. Quite a reversal from Monday’s 2021 highs. Initial support is the...

The Rotation Accelerates

by Gary S. Morrow | May 11, 2021 | Charts

Then there’s this… More, From May 6th: Indeed, validating the recent horrific price action in tech, Goldman Prime notes that i) Tech stocks were net sold for a 7th straight day (9 of the past 10), and more importantly, ii) the bulk of this selling was...

Activision Update

by Gary S. Morrow | May 11, 2021 | Charts

Activision Blizzard has been steadily rising since retesting major support early last week. A solid earnings report has also helped the rebound: Activision Blizzard Stock Jumps After Earnings. Here’s Why. – MarketWatch. We believe ATVI is setting up well for a...