Oil That Is!

The Oil Service Stocks, in this case the ETF $IEV appear to be outperforming the S&P 500 $SPX for the third time this year, but in this case,  in a more orderly fashion. After breaking out of a large bullish Ascending Triangle in late summer, yesterday, it broke out of a large wedge. Next target should be the 2011 highs […]

Not Yet, but this could be an Important Chart for Nasdaq!

I was looking a  very long term chart of the Nasdaq today $COMPQ going back to the 1970’s and I noticed a support / resistance line that has been in place for almost 40 years. This was made using a monthly chart. What’s interesting is that this line looks to now have the potential of being resistance and happens to […]

Nasdaq 100, What the Heck Happened?

While Apple Computer $AAPL makes up a good chunk percentage wise of the Nasdaq 100 $NDX (and a tough year for Apple), that hasn’t stopped $NDX from being one of the best performing US Equity Indices this year! So what the heck happened today? Well certainly was a very tough day for technology for sure and while recently making all […]