Before the open this morning, I posted my updated Scorecard graphs in the room and flagged SMH as the big one. It had dropped to bearish readings for the first time in well over six months, and it was already … Read more

The AMD report is upon us, and I recorded this video just a few hours before the number.  SMH, QQQ and Nvidia are all sitting on major support at the same time that my Scorecard just printed the weakest QQQ … Read more

SPX and QQQ gapped lower this morning, and the question I put to the room before the open was whether they survive it. Monday was all about QQQ and SMH names, with a handful of banks improving, and the Scorecard … Read more

It’s a busy week my friends. Earnings and the Fed land this week. Meanwhile, QQQ and chip names like Nvidia and Micron are bouncing off the low. I still want to be careful with QQQ here, because it sits under … Read more

I spent most of this week down with the flu, and the market did not wait for me. QQQ failed its breakout and is back trading around $700 to $705, right where it came from. The structure still favors the … Read more

Tech bounced to start the week, but the story has not changed. The larger timeframes still carry weekly squeezes on key names, while the 15 minute through hourly charts have flipped bearish on most of them. QQQ remains below key … Read more