Market: ($GOOG), ($SPX)
Chart:
Chart Analysis:
Google ($GOOG) continues to push the limits of the mobile and tablet markets with cutting edge and affordable software and hardware products. The race we have seen between Google and competitors such as Apple and Amazon is a true testament to the competitive nature that has produced modern machines, put a man on the moon, and developed life-saving vaccines. In regards to features and affordability, Google seems to be paving the way in this mobile, touch interface revolution. This NinjaTrader daily Google ($GOOG) chart is unique in the fact that it also has a hidden S&P 500 Index ($SPX) data series added to generate the Spread or difference between Google’s stock and the whole of the S&P 500. Google has continued on a strong bullish trend for the past quarter and with earnings reports lurking, we are faced with a few questions. Will Google continue on its path upward and onward? Will new products offered from Apple and Amazon in combination with earnings reports drive Google shares lower? Will this long trend we have seen in Google simply end? Investors will certainly want to take into account all of these factors when making their investment decisions with Google as well as its competitors. This chart study was created with free end of day data from Kinetick and utilizes free tools offered through NinjaTrader and the NinjaTrader support forum. Feel free to contact us with your thoughts or any questions!
To learn more about NinjaTrader and MrTopStep’s Charts see: http://www.mrtopstep.com/author/ninjatrader/
MrTopStep, its officers, and directors are not agents, representatives, or affiliates of the CME Group. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in these report(s) will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
