INFOCUS 9-26-2023
INDEX.htm
DJIA Completed H/S and below 200-dma, falling 65-dma
DIA Decline confirmed by declining Closing Power and vey negative IP21
BONDS COLLAPSING - New yearly low. Heavy red Distribution by big money.
10-Year rates new high. Approaching 4.6%
HOME DEPOT - High priced DJI-30 stocks has completed bearish H/S
COMPQX (NASDAQ) - Broke key support today.
QQQ - Testing key flat support. Flat support is risky.
SPY - Completed Head/Shoulders is bearish.
SOXL - At last support - an uptrendline. Previous lows are more reliable.
IWM - Completed Head/Shoulders. Smaller stocks more vulnerable to higher rates.
AAPL - broke key support today
AMZN - broke key support today
GOOG - testing key flat support
NVDA - testing key flat support
MSFT - testing key flat support
Bank Stocks at key support
JPM - testing key flat support
BAC - testing key flat support
WFC - testing key flat support
BA - JETS are in steady and confirmed downtrend.
Below are Big Banks |