Last night we looked at GOOG's chart, and saw that the 10-day MA was flattening. I thought that GOOG might make a move up today. And, it did!
GOOG's daily chart shows that the 10-day MA is curving up; a good sign. Also, MACD, MFI, and RSI are all going up. Would like to see higher buying volume tomorrow.
The intraday-hourly chart shows that the MFI still has room, so we could see 455 tomorrow, or higher, depends on how fast GOOG wants to move. If we get good news from the Feds on Wed, GOOG could blast through 465, which could really send it up!
AAPL's daily chart is picking up momentum. It made a little breakout today.
Nice up volume. The MAs are moving up well.
AAPL's intraday hourly chart shows that its MFI made some room for it to go up more tomorrow.
We didn't get a participation from the semi-conductor sector today. Let's take a look at the SMH:
It closed just below the support at 34. We really need to see some strength from this sector for the rally to continue.
Nasdaq did well today. We closed above the 10-day MA, which is curving up.
We need to watch out for the 20-day MA as an initial resistance. Hopefully, we can close between 2400-2425, tomorrow. If the Feds decide to be nice on Wed, Nasdaq needs to break 2440 and go above the MAs to continue the rally!
POT is a nice momentum stock. I'm watching it hoping that it will turn up and go into 170s again, soon:
The intraday hourly chart shows that if POT breaks 156.8, it might start to fly again. The stock is traveling along the 10-hour MA right now. I noticed that the MACD, MFI (bottom), and RSI are all turning up.
So, we've had a nice day for the bulls. As I thought last night, we'd get a rally today. Hopefully, we'll see it continue tomorrow. But, it really depends on what the Feds say on Wed. If they decided to be nice, the market sentiments should turn more positive.
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