This blog is my trading journal where I discuss my adventures in the stock market
9/14/2019 Stocks squeak out modest gains for the week and flirt with all time highs. Strong bearish divergences are building up on the weekly chart – especially for QQQ. I’m bearish again.
QQQ generally outperforms the market since technology stocks like Apple, Facebook, Microsoft and Amazon have been doing very well relative to the market. Thus, it is interesting when QQQ is significantly weaker than the Dow Jones and S&P500.
Here’s the weekly chart of QQQ. Notice the bearish divergences (same or higher highs, but lower RSI). I’ve circled the price level I think we are likely to retest.
Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020).
Outside of trading/investing, I enjoy programming, teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU.
I'm currently teaching Go full time, which has been the best job I could ever hope for. I'm also currently attending the App Academy bootcamp which started in January 2023.
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