Here is an update of what is happening to different markets. Oil looks like it is moving higher, Bitcoin might have an ascending triangle and the QQQ is at a crucial point sitting at its daily 50 MA and which way it breaks out into in the 60 min chart will tell us where it wants to go. In the daily stock market analysis, we will look at shorter time frames such as the 60 min. For a look into longer time frames check out the weekly stock market outlook.
We will also look at the German Dax today as the country just recently had an election.
Here's a brief summary of today's chart:
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
May 05, 22 10:24 AM
What is the market doing and what is it likely to do?
Apr 27, 22 09:01 AM
As we enter April, will we continue to move higher or will there be a correction coming?
Apr 13, 22 11:46 PM
Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq.
Apr 12, 22 09:38 AM
Here are a list of stocks that are at their 50 MA and 200 MA. The 50 day moving average and 200 day moving average can be a support area where stocks bounce off
Apr 12, 22 09:34 AM
Here are a list of stocks that have broke out or about to break out. Breakout stocks can often give us a good reward to risk ratio.