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$QQQQ Monthly, 20ema

Just one Cubes chart, for comparison purposes only. The price is above 20ema on the monthly.

$SPY Monthly, 20ema

Hasn’t quite made it up there yet.

$SPY Monthly, 1993 to present, 20ema

To proclaim a new bull market with confidence, it’s pretty obvious the price has to make it over the 20ema on the monthly chart.

$SPY Monthly, 13/34ema

13/34ema cross would also be a confirmation of the turnaround.

$SPY Weekly, 13/34ema

13/34ema cross has already happened on the weekly, and both moving averages are pointing up.

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(aapl: 142.27 -0.12%) Apple

Price-MACD diverged some time ago, rising wedge seems to have broken down on increased volume.



Similar to the AAPL chart, there’s divergence on the MACD though less significant and a potential rising wedge (bearish reversal pattern).


Markets and tech performance is tied to the U.S. dollar which looks to be reversing to the upside, at least it did today.

The action is on behalf of Yahoo! publicly traded securities purchasers during the period April 8, 2004 and July 18, 2006, inclusive (the “Class Period”), for violations of the Securities Exchange Act of 1934. The complaint alleges that defendants made false and misleading statements and material omissions regarding the Company’s business and operations and that, as a result, the price of the Company’s securities was inflated during the Class Period, thereby harming investors.

I purchased YHOO shares during the “Class period”, and still holding the stock (although holding is not a requirement). This seems to be one of those “sit back and wait” type of lawsuits. I think I should join. What are possible drawbacks?

I can only think of one: if a lot of people join, it would further depress YHOO price, would it not?