Stocks were mixed Friday, with two major U.S. stock indexes closing at all time highs while the tech sector slid into negative territory; with some pointing to interest rates spiking to their highest in more than a year. There is still a lot of optimism surrounding the passage of the $1.9-trillion coronavirus relief package, potentially staving off further declines; which can be seen in positive closes for Ford, Delta Airlines, Carnival Cruises, GE, and Uber (to mention a few).
The SPY reached a new ATH at $395.65 to pullback for a close at $394.05 (0.00%); yet holding above the trendline from a Nov 2020 high. The QQQ closed at $315.74 (+0.09%) at a high volume node on the volume shelf; still holding above the lower trendline on the weekly.
In this blog post, make sure to check out the top 5 TrendSpider charts posted this week on social media; as well as the broad market charts into next week! Don’t forget Season 3, Episode 10 of the “Stock Trading Pit” on this Sunday at 6 PM (EST) with special guests, Hugh Henne and Mike Pisani (OptionsMike).
Check out the “Stock Trading Pit” Season 3, Episode 10 with Hugh Henne and Mike Pisani (OptionsMike) on Sunday at 6 PM (EST)!
Top 5 TrendSpider Posts This Week
Related Blog Posts
Check out our supplemental blog posts below:
- Alerts – Add alerts to your trendlines and indicators with sensitivity.
- Raindrops – Visualize volume and price action in a completely new way by visualizing volume flow throughout a specific time period.
- Conditional Criteria Alerts – Create complex conditions to be met between a mix of lower indicators and price action.
- Multi-time frame analysis (MTFA) – Overlay your chart a secondary timeframe with on trendlines, indicators, and Fibonacci levels.
- Trendline Preferences – Customize your trendlines to automate a consistent trendline drawing strategy.
- Add Watchlist – Create your own watchlist and quickly move through charts with automatic analysis on each!
- Automatic Candlestick Recognition – Automatically input your favorite candlestick patterns into the system and have TrendSpider find all the ones on your current chart!