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Stocks

Bearish Daily Candle for QQQ

QQQ opened with a bearish gap lower, and has lost support in this trading range. This is the second time that QQQ has lost support, and I would be concerned for some continued downside. There has been a lot of volatility around this price level with an initial breakdown, a US election rally that caused […]Read More

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Commodities

URA Continues to Trade Into Resistance

URA has been trading within a range between $18.41 and $32.61. There is resistance at the red trendline, and URA continues to make more attempts to break through this $32.61 resistance level. I think there will be a bullish breakout eventually, for now I would monitor $32.61 for a breakout or continued rejections. Follow me […]Read More

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Stocks

ASTS Faces Resistance at All Time Highs

ASTS continues to trade near all time highs, and is facing resistance in the white zone between $29.75 and $36.20. Despite this resistance ASTS continues to hold strong over the past 2 months and counting. I think ASTS is forming local support around $22, but it’s risky to buy right under resistance. I would monitor […]Read More

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