Powershares Tech ETF (QQQ) monthly
QQQ, the ETF that tracks the Nasdaq 100 has made new all time closing highs today after breaking the high from 2000. More giddy up likely to follow.
Continue to hold.
Also, continue to hold XLK, the tech sector ETF.
S&P 500 Index ETF (SPY) daily
SPY, the ETF that tracks the S&P500 index, has been flagging over the past few weeks. See pretty purple flag I drew on the chart. Flagging is usually bullish. More giddy up. Continue to hold.
Baidu Incorporated (BIDU) weekly
Price for BIDU is compressing inside the wedge formed by the red and white trend lines. Prepare for a breakout soon.
SPDRs Energy Sector ETF (XLE) daily
XLE, the ETF that tracks the energy sector, has lots of flagging going on. Continue to hold until further notice.
iShares US Telecommunications Sector ETF (IYZ) daily
IYZ, the ETF that tracks the telecommunications sector is approaching support at 34.86, the red horizontal line. Continue to hold until further notice.
Post Holdings Inc (POST) daily
POST is now trading above the purple horizontal line which was resistance at 81.98. This price area is now support. Continue to hold until further notice.
I don’t make trades every day but when I do, I know why I do.
On a personal note…I have been trading and researching for over three decades but being held accountable for the past 5 1/2 years of writing and making trade recommendations has been priceless.
Thanks for your support. Giddy up.
Trade Smart,
Don