Reversal Spots

A bunch of charts made it back to resistance areas. I included FIVN to show a violation. They look good today, but tomorrow could be different...still I think the rally should be petering out here on the assumption this is indeed a bear market. Teh red horizontal on VRSN is the 2000 peak.

Five9 Breaks Down

This is what we want to see for bearish targets, breakdowns on otherwise ho-hum or up days for the broader market. Some other charts hitting resistance levels, a normal spot for a pause. Next week I expect stocks will trend into OPEX, which way I cannot say, but certainly if down is the move, the charts losing support levels are most likely to suffer the largest declines.

Chart Review

These are some charts I've posted here in the past few weeks.

Ragnarok is Coming, Here Are Some Charts

These were culled from a single ETF, QQQJ, Next Gen QQQ. The QQQ is the top 100 stocks in the Nasdaq, this ETF is 101 to 200. I have bought a few puts on these this morning, not major positions...yet.