Why Is This Nasdaq ETF Ripping Higher?
Some ETFs move higher if the market moves lower. One of them is the ProShares UltraPro Short QQQ ETF (NASDAQ: SQQQ).
BZ Chart Of The Day: Bitcoin’s Support At This Area
Since April 11, every time Bitcoin USD (CRYPTO: BTC) dropped to levels around $39,665, it reversed. That’s because there is support there.
BZ Chart Of The Day: Delta Airlines Gives Important Trading Lesson
Shares of Delta Air Lines, Inc. (NYSE: DAL) show an important market dynamic that traders can profit from.
Buyer’s remorse is prevalent in the stock market and that’s why the move higher in Delta has stalled out at $46.
Is This Rally Into The Consumer Staples Select Sector Fund A Bearish Sign?
Money has been flowing into the Consumer Staples Select Sector SPDR Fund (NYSE: XLP). And that may be a bad sign for the market.
BZ Chart Of The Day: Netflix Stock Breaks Long-Term Support
Sometimes, markets have memories. Unfortunately for shareholders of Netflix, Inc. (NASDAQ: NFLX), that isn’t the case today.
A market memory refers to a long-term support or resistance level. These levels can stay intact and remain important for months or even years.
This Gold ETF Is Breaking Out
If inflation continues to be a problem, the price of gold should move higher. And if it does, shares of the VanEck Gold Miners ETF (NYSE: GDX) could skyrocket.
BZ Chart Of The Day: Is Google About To Bring Down The Market?
Shares of Alphabet Inc. (NASDAQ: GOOGL) may be about to move lower and that could be bad for the entire market.
2 ETFs Show Flight To Safety
The Health Care Select Sector SPDR Fund ETF (NYSE: XLV) has been ripping higher, while the Technology Select Sector SPDR Fund ETF (NYSE: XLK) has been getting crushed.
BZ Chart Of The Day: AMD Plunges To Critical Support
Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) formed a classic descending triangle pattern. This is bearish. It could mean the stock is about to move even lower.
Bloodbath In The Bond Market: What’s Next?
Many investors are focused on the sell-off in the stock market, but as you can see on the following chart, shares of the iShares 7-10 Year Treasury Bond ETF (NASDAQ: IEF) are in a freefall. This ETF is designed to track bond prices.