Protected: Nasdaq Clearing 12-Year Resistance; Time to Pay Attention to Names/Themes That Worked in the Late 90s Again?
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INTC Sitting On Quarter-Century Support Dating Back to 1986; Ratio of INTC vs. XLK Near All-Time Low
The chart below shows that INTC sits at quarter-century support line (2) dating back to 1986 while it is caught in a long-term consolidation pattern b/t lines (1) and (2). At the same time, the ratio of INTC vs. the XLK technology ETF is near an all-time low dating back to the late 90s and is […]
Last week, as the chart below indicates, the Nasdaq Composite index appears to have finally cleared its 50% Fib retracement level formed between its highs in 2000 and lows in 2002. This is a big deal in our opinion – it’s taken the Nasdaq nearly 12 full trading years to reach this level at ~3,135! This technical break-out potentially opens […]