December 7, 2017
US Stock Analysis
Correlation of Major US Tech Stocks and NASDAQ Composite Index
See the long tail created on the NASDAQ Index, and it has the correlation with some of the major US tech stocks. To know the possible reason is to look back of the recent change in the Government policy or what is the recent change in the financial policy.
One major discussion is the GOP tax bill.
But, GOP tax bill could be just one reason, as there are too many factors. GOP tax bill happened to catch everybody eye for now. Remember what goes up must come down, as you are living on earth, the gravity exist everywhere.
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
You see we have NASDAQ Index, Apple Inc, Google, Facebook Inc, Amazon.com Inc, and Netflix all in one chart.
December 6, 2017 Correlation – Major US Tech Stock Decline The Same Time and DASDAQ Index
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.