COMP In Upward Trend. Monitoring 3037..

NASDAQ Composite Index, COMP, is in an upward trend. When COMP broke above the resistance level at 3000 it got a buysignal. I have a stop loss for my long positons if COMP closes under 3000. If it closes below 3037 will be the first sell signal. So that is also a good stop loss level. I will in a few days move up my stop to that level. If COMP gets a sell signal, the market can be also volatile. VIX index is now at very low levels. That suggests that most investors are unprepared for large declines.

AAPL - Apple Is Near To Get A Sell Signal

Apple sees clearly weaker in the charts nowadays. Apple has slipped from its upward trend and are now at risk to get a sell signal if it falls below support at about 513. Stochastic and MACD indicates that the upward trend has weakened considerably. If Apple breaks the 513 support level the next level of support is at around 486. But if Apple gets the sell signal there is a high risk that the stock is also going to test the strong level of support down at about 430.

COMP - Sell Signal!

COMP broke the 2940 support and gave a sellsignal. We are still over the 2888 supportlevel but I have closed all of my long positions. Now I am a little short in the market and will go even more short if COMP comes closer to 2940. 2940 is now a resistance level. Stop loss if COMP closes above 3000.

COMP in Uptrend. But Watch Out if Below 2 940!

We have had several buy signals in the NASDAQ Composite Index, COMP, in recent months. Now COMP have given several warning signs that the uptrend weakens. We have a negative divergence in the stochastic indicator, and a sell signal in the MACD. If COMP closes below 2940, we get a sell signal that I will take very seriously.