What TheChartGuys said in this video:
- QQQbearishshort-termThe NASDAQ has a clear daily downtrend and a monthly bull flag with no follow-through; the monthly uptrend guide sits at 27.2, only about 5% below.Source
- INTCbearishmid-termIntel's earnings triggered a major bearish reaction and a 55% pullback, significantly damaging the longer-term chart.Source
- SPYbullishlong-termThe S&P 500 monthly chart shows normal healthy consolidation with no red flags; his largest position is SPY, which he is hedging rather than exiting, and it would take a 16-18% drop to break the monthly uptrend.Source
- Market Breadthpositive for stocksmid-termThe S&P 500 equal weight chart had its most bullish month in five months; money redistributed within the market in October as XLF, XLV, XLU, XLB, XLE and others all rallied.Source
- NKEbullishlong-termNike is on its way to potentially being his most profitable stock of the year, a position found via the equal-weight breadth thesis.Source
- MUneutralshort-termMemory names held last week's low and monthly support, but bulls still have to prove they can defend those levels.Source
- SOXXneutralshort-termHis two-week tightening-range thesis for semis dropped from 88% confidence to 50-50 after INTC earnings; bulls must defend long-term support.Source
- NVDAneutralshort-termNVIDIA failed the inverse head-and-shoulders setup he was watching and gave gains back; it has to hold 190.Source