Stock Indexes are still trading near all time highs, after an extended run with three sessions above upper bollinger band. Now the S&P 500 and Nasdaq 100 are trading below the upper bollinger band. The 3/10 oscillator is rising as the rate of change of the oscillator has turned down, forming sell divergences on both oscillators.
SPY S&P 500
QQQ Nasdaq 100
IWM Russell 2000
Money moved into the small caps on Tuesday as the Russell 2000 tested the upper bollinger band.
VIX Volatility Index
After trending lower for some time, volatility is now climbing again after testing the lows from late March.
TSLA Tesla
Traded down to lower bollinger band. Let’s see if the lower bollinger band holds and Tesla bounces back or sets up for a test of $275.00 low.
AAPL Apple
Money now flowing back into Apple on news they will be using Anthropics Claude large language model for their Siri. Apple is now trading above the upper bollinger band with oscillators trending up.
DAILY DINGERS
APP AppLovin Buy Range $358.53 - $366.73
Stock trading below pivot buy point at $366.73
RDDT Reddit Buy Range $148.30 - $156.40
Stock trading above breakout buy point
