Charts + Technical Analysis

Impressive stock market bounce, but if those rates don't come down, the rally will fizzle as well, and so far the rates haven't budged on the CBOE 10-Year Treasury Yield Index (TNX) NextEra Energy (NEE) nearing the closest thing to support at $59. Losing $70 was a big deal, but very oversold on daily, weekly

Amazon (AMZN) unable to hold on to key support here. Still possible though, and be careful of, a bear trap here with oversold market conditions. Ideal conditions for Uranium ETF (URA) entry would be on a pullback to the rising trend-line once a bounce materializes. Buying here at overextended levels, creates a high risk scenario

Two rejections for the $VIX at the 200 day moving average in the last two months. $X testing short-term resistance for a possible breakout. Something is begging to break right now. $TLT is heading for lows not seen since 2007. Two Rising trend-lines to watch on $ON.

$TGT continues with another leg lower with very little support underneath. Possible that this stock continues to drop until it tests $95. $SOFI confirming that head and shoulders, with little support underneath. Next level is $6.50 followed by $5.25. $RCMT testing key resistance. A push above would create a breakout scenario.

EBAY getting a pop out of news from BX, but this support level could be tested yet again, and if broken, I'm looking for a move down to $40. Good chance VIX gets to test the $18 level. Long-term trend-line for MSFT was broken yesterday, and now attempting to hold a key support level in

If $YALA continues this run higher, you'll want to be mindful of the longer-term resistance overhead, and not too far away. Nice bull flag in $CMPR weekly forming, and also testing the 200-day MA. Be aware though, if it starts to run of the declining resistance that goes back to 2018 $MTG continuation triangle formed,

Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity,

Cannabis and US Cannabis ETF (MSOS) specifically rolling over. I expect a retest of the $6's. Arm (ARM) continues to trend lower following its IPO which is what is to be expected with pretty much any IPO. Best to wait at least 6 months before buying for the long-term. Microsoft (MSFT) pulling back

KLA Corp (KLAC) hitting oversold levels and testing a key short-term support level that could offer up a bounce opportunity. Rising support underneath, could also provide another. Semiconductors ETF (SMH) short term and long-term support so far holding up today and price is attempting to bounce off of it. Patterson-UT Energy (PTEN) Watching

Ford Motor (F) Cup and handle formed, followed by the potential for a bull flag. Another couple of days of consolidation here could create a fantastic long setup. CBOE Market Volatility Index (VIX) hard bounce off price level support, now testing declining resistance. Advanced Micro Devices (AMD) breaking below its rising trend-line that goes back