MCD, PEP, USO, QQQ& SMH Suffer the Interim Pain and Wait for Rebounding

Jake_Wujastyk
11-03

Hello everyone! Today i want to share some technical analysis with you!

1

$VanEck Semiconductor ETF(SMH)$ You could definitely put one bean in the "bear" jar with this chart.

2

$Invesco QQQ(QQQ)$ The similarities to the end of July selloff is somewhat remarkable.

3

$United States Oil Fund LP(USO)$ Oil Rolling over hard, but the market is with it... Not a great sign.

Recession fears starting to creep in to the market? That is generally what this behavior would signal.

4

$Pepsi(PEP)$ Another "safe haven" name that is at a "line in the sand" here. Breakouts on these names likely drop tech lower as I don't see a world where these rally together.

5

$McDonald's(MCD)$ A lot of these "safe haven" names nearing their VWAP zones. If these breakout, the market is likely ready for another leg down.

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Comments

  • Andytan84
    11-06 12:52
    Andytan84
    Shares took a hit yesterday I am sure the market will stabilise and gradually regain its momentum this week, bringing renewed confidence and a positive recovery.
  • Alfred8189
    11-03
    Alfred8189
    Investing is a journey that requires patience, discipline and informed decisions. Focus on long-term growth, diversify wisely, manage risks and let compound interest work its magic.
  • Savannah0409
    11-05 13:44
    Savannah0409
    心若在，梦就在，天地之间还有真爱。看成败，人生豪迈，只不过是从头再来。
  • AlanTiger
    11-03
    AlanTiger
    SMH fell a lot recently. I hope it woul recover soon. I hope mid term election result would bring some good news to the stock market.
  • 六七888
    11-04 11:10
    六七888
    纳指与半导体回调蓄力，静待企稳后的反弹机会
  • zhongming1
    11-04
    zhongming1
    電飯鍋回家姐姐回歸剛剛好緊急呼叫JHV廣告
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