Important Stocks To Watch - Breakout Stocks/ Important Developments
Daily Stock Market Analysis June 20 2017 Tuesday
The Dow Jones notch another record high and since the trend is up, we continue to be bullish on all indexes in the longer term. Smaller time frames like the 60 min and 15 min might have corrections here and there but they are all good and gives us traders an opportunity to long and short stocks. Gold and Oil and also silver are in their own 60 min downtrend and we remain bearish on them until the chart tells us so.
Despite the tech selloffs, the Nasdaq Composite is still in a long term uptrend and whatever falls and crashes are just deemed a correction because of the massive support below and also the MAs are generally still up. Therefore, if the QQQ and Nasdaq keep finding support at their rising 50 MA, we have to remain bullish on techs and the stock market as a whole.
Let's take a look at the charts below.
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
- Help support this page and press the Facebook Like button below. Thanks!
Join Dstockmarket's Facebook Page
Recent Articles
-
Stock Market Analysis May 2022
May 05, 22 10:24 AM
What is the market doing and what is it likely to do?
-
April 2022 Stock Market Analysis
Apr 27, 22 09:01 AM
As we enter April, will we continue to move higher or will there be a correction coming?
-
Technical Analysis Of AAPL : Making Sense Of Apple's Stock Price
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.
-
Stocks At Their 50 MA And 200 MA
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
-
Stocks To Watch - Important Developments
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.
New! Comments
Have your say about what you just read! Leave me a comment in the box below.