Nasdaq (-1.54%) closed in red with higher than average volumes. This weak close might send the price back to the old support at 13850 in the area where EMA21 and SMA50 are present.SP-500 (-1.57%) also closed in red with volumes higher than yesterday. The direction seems to be down to the main averages area. Watching this area -which may act as a support - for a bounce (mean reversion).In the newsApple adds a subscription product for companies (Business Essentials, which ranges from $2.99 per month to $24.99 per month per worker).AMD falls 8% after Barclays downgrades stock, warns about PC, gaming markets.Anonymous’ next cyber target: Western companies still doing business in Russia.2-year Treasury yield tops 10-year rate, a yield curve inversion that could signal a recession.Sectors Best y

Nasdaq (+1.9%) reversed back from the EMA10 and cleared the Thursday high. The volumes are decreasing in the last 5 days, this might indicate an acceptance of the price between buyers and sellers. A price above the SMA200 will increase the chances for a bullish run. SP-500 advanced by 0.81% yesterday from ~SMA200 to the old short-term resistance. A move above last Tuesday's high might indicate a resuming uptrend. ATR is declining and volumes are below average, good values for this handle in forming (notice the cup and handle pattern). In the news Twitter shares closed up 28.54% after Elon Musk takes a 9% stake in the social media company. The Biden administration warned that Russian forces are expected to intensify their military operations in Ukraine. Porsche Sales Sink 25% in the U.

Nasdaq (-0.16%) closed a little bit lower than the day before. Even if the volumes were above the average for the red day, the index came back to the highs in the last 30 minutes of the session which might be bullish. Watching the SMA50/SMA200 area.SP-500 (0.51%) closed in green, but with lower volumes. Notice the divergence between the strong advance during the last sessions and the decreasing volumes. Waiting for the institutions' money in the market for a breakout above the black line - the actual situation proves again that everything can happen.In the newsBritish Finance Minister Rishi Sunak is expected to announce a new regulatory regime for crypto in the coming weeks.ExxonMobil has been working with Denver-based Crusoe Energy Systems to mine bitcoin in North Dakota for over a year.B

Nasdaq (+2.31%) opened lower and succeeded in closing above Thursday’s high and above the EMA21. I wish we had more volumes. It seems the 10000 level is in the mirror now, but the 11000 level is also a critical test if the price wants to advance (the same for the 11250 level).  $NASDAQ(.IXIC)$ SP-500 (+2.37%) had the FTD day (follow-through day, a good advance with strong volumes) and close above the EMA21. Of course, the marked levels at 3770 & 3810 are key tests for the price in its possible advance. Keep an eye on Friday’s low as well. $S&P 500(.SPX)$ In the newsBitcoin’s volatility falls below Nasdaq and S&P 500′s for the first time since 2020.Saudi Arabia launches bid to a

Nasdaq (+0.99%) went higher with bigger volumes than the previous day. As already stated, building a base here before a potential breakout is a healthy price action. Watching this channel while also keeping an eye on a possible violation of the recent support (SMA50 / EMA21 area).   $NASDAQ(.IXIC)$ SP-500 (+0.59%) went higher with lower volumes. This is an inflection point as the price face very strong resistance (both the recent high and the 12th of September high) and the proximity of SMA200. Definitely, this might a big milestone if passed. As always, be prepared for rejection as well.  $S&P 500(.SPX)$ In the newsFed Minutes Show Most Officials Favored Slowing Rate Rises S

$NASDAQ(.IXIC)$ (-1.43%) tested the support with important volumes again. The price tried to reverse, but sellers were stronger and sent it back to the lows. This consolidation is bearish now. Waiting and watching the price action is always safer than blindly betting.SP-500 (-1.13%) also tested the recent lows with important volumes. Watching the support for now, a breakdown below the marked level might signal lower prices as the next support is not near. $S&P 500(.SPX)$ In the newsStocks Close Lower as Investors Eye Next Fed Meeting.FedEx to Reduce Operations After Sales Warning.Adobe to Buy Design-Software Firm Figma for About $20 Billion.Mortgage Rates Hit Over 6% for First Time Since the 2008 Fina

Nasdaq (+3.43%) gapped up in the morning and succeeded to stay at the highs. The close was strong with average volumes. The inside day might suggest a sideway consolidation at these levels. Watching Friday’s high vs. Thursday's low. $NASDAQ(.IXIC)$ SP-500 (+2.65%) also had a strong day, gapped up and continued its uptrend for the day. Good volumes. The next step is to take the EMA21 / Friday’s high… with volumes! Watching the marked levels as well. $S&P 500(.SPX)$ In the newsMicrosoft confirms job cuts after calling for growth to slow. $Microsoft(MSFT)$ Apple freezes plans to use China’s YMTC chips.  

Nasdaq (-0.09%) closed under the June support, but not with important volumes. This indecision move might be a result of today CPI’s data. Nothing new regarding the price action, all scenarios are possible: bearish and continuation vs. the 10.000 level vs. a reversal from this support area. $NASDAQ(.IXIC)$ SP-500 (-0.33%) closed in the same area as the last Friday’s low. News is pending, no need to make bets and the volatility might be high. Watching the marked levels for clues. And of course, the amplitude of the moves by assessing the volumes. $S&P 500(.SPX)$ In the newsFed officials expect higher rates to stay in place, meeting minutes show.Microsoft cloud leader Scott Guthrie says compa

Nasdaq (+2.11%) gapped higher, passed the SMA50 and closed at the EMA21. Below-average volumes supported the move, not necessarily bad in this bear market, but a stronger interest would have been more optimistic. This might be an inflection point and we need to “judge which side has the greatest pulling power” and then “go with that side” (from Richard Wyckoff).SP-500 (+1.53%) also gapped up and passed both SMA50 and EMA21. The next target seems to be the 4200 area and of course the SMA200. As always, keep an eye on the recent low at the 3900 area as well.In the newsUber Eats and Nuro sign a 10-year deal to do robot food delivery in California and Texas.Tesla could start building a lithium refinery for EV batteries in Texas this year.Amazon’s CEO has no plans to order corporate staff back

Nasdaq (-1.34%) lost its SMA50 and went lower possible on the news regarding the inflation, war and the May QE stop. There is no major support near the now price level, so we might see a downtrend continuation. SP-500 (-0.27%) lost its SMA200, but stayed above the EMA21. The topping tail might suggest the price going lower. Watching its SMA50 level. There is no support nearby. There is a possibility to see the price testing the February / March lows. In the news Elon Musk decides not to join Twitter board, says CEO Parag Agrawal. Crypto giant Binance deepens Middle East expansion with Abu Dhabi approval. Cathie Wood says banks have a ‘big problem’ thanks to crypto. Tesla, Block and Blockstream team up to mine bitcoin off solar power in Texas. Tech Stocks Poised to Slip as Bond Yields

Nasdaq (-1.04%) continued its downtrend and close under the June support with under-average volumes. The price tried to go even lower during the day, but the buyers were stronger and pushed back the price (see yesterday’s bottoming tail). Next targets? Probably the psychological number 10.000. This area has some history marks: minor support from the pre-COVID highs or pivots after the V-shape reversal. $NASDAQ(.IXIC)$ SP-500 (-0.75%) tested last week’s low and snapped back, but closed below the previous’s day close. This price action is tricky now because it can be associated with both bullish and bearish scenarios: a reversal from a double-bottom pattern vs. a bear flag consolidation and continuing the downtrend. Watching the marked levels.

Nasdaq (+2.03%) ‘ignored’ the yesterday bar and went higher on average volumes. This area is very tricky as all the directions are possible: higher and building the handle or lower to test the lows. Watching the SMA50 and Tuesday low for now.SP-500 (+1.12%) closed above both yesterday's high and SMA50. Watching SMA200 and Tuesday low for now. No clear direction.In the newsChinese carriers are shipping more empty containers than full ones out of U.S. West Coast ports.Bitcoin bounced 2.86% for the second day of gains. Ethereum expanded by 2.55%.Google to Invest $9.5 Billion in U.S. Offices, Data Centers.Americans rush to buy plane tickets despite rising prices.Inflation “has likely peaked,” said Bank of America analysts on Tuesday.Sectors Best yesterday sector:Consumer Cyclical, then Technol

Another positive day for Nasdaq (+1.93%) with average volumes. It would have been better to see higher volumes in this advance to assess the uptrend as strong. But, as always, the market doesn't care about our thoughts. Price action is bullish for now. Still watching the area between the SMA50 and SMA200. SP-500 also had a good advance (+1.43%) but here the volumes are below average. It might be a divergence here or just a constructive consolidation at the 4520 level. Watching the area between 4400 and 4600. In the news House Rules Committee will vote on the federal legalization of marijuana next week (pot stocks had double-digit gains after hours). Russia might accept bitcoin as payment for its oil and gas exports as Western countries stiffen sanctions. European regulators have come to an

Nasdaq (+0.5%) had a gap down, but the buyers came in and sent the price much higher. The price might stay in this zone for a while, so watching the resistance (13000) and support (12300) can offer us some clues.SP-500 (-0.16%) is consolidation under the old resistance for a possible stronger breakout. The volumes were low on Friday’s pullback, so it might be constructive price action. Watching the 4180 area and 4080 area. But also the recent low at 3900.In the newsThe U.S. economy added 528,000 jobs in July, and the unemployment rate dropped to 3.5%, well above Wall Street expectations for 258,000 jobs.$Tesla Motors(TSLA)$ shareholders approved its 3:1 stock split.Amazon to acquire the maker of Roomba vacuums for roughly $1.7

Nasdaq (-1.40%) was rejected by the 12000 level, but is still in a bearish mode. The risk is real as the next support is in the 10800-10500 area, so attention is required.SP-500 (-0.57%) was able to close above the support. It seems the buyers came in again at this level. A close under this level may send the price to ~3850 as there is no strong support until that level.In the newsStock Futures Fall as Bond Yields Edge Higher.Bitcoin drops below $34,000 to hit its lowest level since January after stock sell-off.Google’s cloud group forms a Web3 team to capitalize on the booming popularity of crypto.Nvidia didn’t tell investors enough about the effects of crypto mining on its business, SEC says.Sectors Best yesterday sector: Energy, then Utilities. Worst sector: Consumer Cyclical. Best week

Nasdaq (+1.31%) continued the uptrend and it seems the next “stations” are the short-term support at 14500 and then SMA200.SP-500 (+0.71%) is also advancing back to the highs. The divergence is still concerning, but the price action seems it doesn't care. We all know the market is doing what is supposed to do and not what we think or worry about it should do. We can just be prepared for all the scenarios.In the newsRussia’s invasion has made energy security a hot topic. The U.S. thinks hydrogen could be the answer.Apple reportedly cuts production of its new iPhone SE by 20%.Bitcoin surges above $48,000, which turns positive for 2022.Tesla wants to split its stock so it can pay a stock dividend.Sectors Best yesterday sector:Consumer Cyclical, then Technology. Worst sector: Energy. Best week

Nasdaq (-1.21%) came back to the short-term resistance. After the strong advance, it is possible to see it resting and consolidating in this area under the SMA200. Also, there is very likely to close the Tuesday gap before resuming the uptrend. SP-500 (-0.63%) also closed in red. The small retracement with lower volumes is constructive and in a way, expected. Watching the support now (old short-term resistance at the black line) as this area might be the key now. In the news Sony launches a new PlayStation gaming subscription service to take on Microsoft. Las Vegas Grand Prix confirmed for Formula 1 calendar in 2023. Robinhood adds four additional hours to extended trading for clients. The House of Representatives has passed a bill that will improve the retirement savings system for U.S. w

Nasdaq (-0.40%) after such a powerful advance made a pause yesterday since it met the short-term residence. The price action is not bad, this small retracement is “normal”. Watching the price now vs. SMA50. After this “pause”, it is possible to see the price playing between SMA50 and SMA200.SP-500 (-0.04%) was flat yesterday. The price is still above the SMA50 which might indicate a desire to continue the uptrend. Since the volumes were low, it seems that the buyers and sellers agreed on the price without fighting. It will be a very positive mark when / if the price closes above the SMA200.In the newsPowell says ‘inflation is much too high’ and the Fed will take ‘necessary steps’ to address. Powell Is Ready to Back Half-Point Hike in May If Necessary.President Biden reiterated prior warnin