Stock Market Technical Indicators & Analysis
QQQ was down on higher volume Monday than Friday and the 30 day average is curving down, a major sign of weakness. QQQ also closed below its 50 day average (green dotted line). Will QQQ find support at its lower Bollinger band (@700) again? We must react and not predict. Wait for Mr. Market to reveal his intention.
This weekend we shall see if this comeback has held. I focus largely on QQQ which reflects tech and growth stocks. SPY has been somewhat stronger recently, only closing below its 10 week average one week, see its weekly chart.
This list is sorted by close Wednesday divided by minimum low the past 250 days. MPLT has a null result because it came public within the past year and the division could not be calculated for its price over the past 250 days. ALMS is 9.2x its low the past year.
IBB had a high volume GLB on 6/22. Note how it is tracking its 5 day EMA.
