In our posting from June 4, 2024, we said the following:
“If $EWW takes a breather by falling to $48 (red line) and then bouncing then it would all be part of a normal bullish reaction. However, falling below the $48 level would mean a potential re-test of the 2020 low.”
So far, the price activity has been consistent wit a market that is still in a bullish trend. Naturally, an increase above the prior high would be needed confirmation of that bullish trend.
See also:
Posted in EWW
Broadcom (AVGO) had a tremendous one year run with stock up 65%. Such a strong rise was met with a deep correction that took the stock down 40% from its peak of $250 in December 2024. The focus will be on an important technical indicator know as Golden Cross, when 50 SMA cross 200 SMA on the upside. Continue reading
Posted in Dow Theory, MRVL, Nasdaq 100 Watch List, PMI, Price Momentum
Tagged members
It was a strong week for the market as the S&P 500 rose 2.6% while the Nasdaq topped 3.6% and pushed S&P 500 into positive territory. The action pushed more companies out their yearly low range and reduced the number companies on our watch list. Continue reading
Posted in Dividend Achiever Watch List, Dividend Achievers, Dividend Watch List
Tagged members
Posted in ATD-B.TO, ATD.TO, Dow Theory, Downside Targets, Edson Gould, Speed Resistance Lines, SRL
Tagged members