Dan Russo, Author at Chaikin Analytics

Dan Russo

Stocks Stage a Comeback to Close Above Key Levels While Gold Breaks

The Invesco QQQ Trust (QQQ) has a Bullish Chaikin Power Gauge ETF Rating and continues to lead the SPY, with the intensity of outperformance beginning to improve once again. The OB / OS Indicator is moving higher from an oversold position and Chaikin Money Flow remains bullish. QQQ has retaken the rising long-term trend line …

Stocks Stage a Comeback to Close Above Key Levels While Gold Breaks Read More »

Mid-Week Update | September 23, 2020

In today’s Mid-Week Update video, Dan Russo, CMT discusses a breakout in consolidation for the US Dollar Index (UUP), his bullish view on an inflation theme, and more.https://youtu.be/2_PUkJEtTvM UUP Chart In Chaikin Analytics | 9/23/20 Share on facebook Share on twitter Share on linkedin

SPY and QQQ Break Below Important Support Levels, Patience and Risk Management are Now Key

The Invesco DB US Dollar Bullish ETF (UUP) remains below support at the $26 level but the OB / OS Indicator is in an overbought condition. Chaikin Money Flow is bearish and the fund is below the declining long-term trend line. The greenback is trying to build a base near the $25 level and we …

SPY and QQQ Break Below Important Support Levels, Patience and Risk Management are Now Key Read More »

Friday Market Update | September 18, 2020

Chief Market Strategist, Dan Russo, CMT, gives a Friday market update on which parts of the market investors should pay attention to right now, and why (see charts below).  Chaikin Analytics Chart for MOO Chaikin Analytics Chart for DBA Chaikin Analytics Chart for MOS Share on facebook Share on twitter Share on linkedin

If the QQQs are Going to Stage a Rally, This Would be the Place to Start

US equities finished lower in Thursday trading, though off their worst levels. Materials and Industrial outperformed again while REITs and Communication Services lagged the tape. Treasuries were mixed. The dollar lagged the yen and euro. Sterling was little changed despite headlines that the BOE was exploring a negative rates policy. Gold ended down 1.0%. WTI …

If the QQQs are Going to Stage a Rally, This Would be the Place to Start Read More »

Scroll to Top