Charts + Technical Analysis

Verizon (VZ) price level resistance pushing back on the bounce that started two weeks ago. Even if it pushes through that, there is strong declining resistance that has to be dealt with. Chipotle Mexican Grill (CMG) dropped hard after earnings and starting to fill the gap. Potential support levels below to watch for price to

Spotify Technology (SPOT) pullback could see a bounce off of this major price level. Robinhood Markets (HOOD) false breakout yesterday of the bull flag, giving it another shot today. Okta (OKTA) neckline of the inverse head and shoulders pattern. Just starting to breakout, but also needs to clear the 50-day moving average as it has

Strong potential with Meta Platforms (META) and Alphabet (GOOGL) earnings out of the way, for a pullback to the rising trend-line on Communications Sector (XLC). Ideally, I'd like to see Healthcare Sector (XLV) spend a few more days inside of this bull flag before attempting to breakout. Worth watching this one. McDonalds (MCD)

What they are saying: So, our economy's chugging along alright, we've got jobs and our banks are tough. But stuff's costing a bit more than we want. It might get trickier for people and businesses to borrow money, which could slow things down a bit, but the Committee is on it. They're aiming for a

$RTX post earnings reaction was extreme to the downside, but managed to hold a key support level from 2021 and bounce from there. $DHR attempting to breakout and push through declining resistance here. Key is for it to break and hold into the close. $ILF nearing a major, major break of a declining trend-line. Critical

As mentioned on Friday, $DWAC pumps are short-lived, and the same thing happened yet again as it has happened in the past. These pops in $AMC, like the one today, tend to be short lived. Broke through one resistance level, but quickly coming against another. $FRSH not there yet, but watch for a big run

$ROKU bull flag right around the breakout level. I prefer waiting until after earnings, before making a move this stock due to the heightened risk. $DWAC pumps have historically been short lived and I expect nothing different here. $DKNG bull flag worth watching. May see a breakout here $QQQ can stabilize and bounce. Bullish wedge

$AMD double top may not be done with price confirming a bear flag breakdown. $GD reports earnings on 7/26 so not worth trading before then, but certainly a nice cup and handle that is forming. $UAL pushing through some serious resistance here, going back to 2021. Move below $53, would nullify the trade. $CVNA headed

Nice bounce off of 3 nearby support levels so far for $NIO, but be mindful of $TSLA earnings today that could have a significant impact on the stock (for better or worse). $SPOT ascending triangle breakout level. Watch the 5-day moving average as type of trailing stop-loss. A close below would be reason for me

I'm leery of these breakout attempts on $XLV, like the one seen today, as the last three have all resulted in head fakes. $DXY descending triangle confirmed to the downside. $JETS fighting for a second straight day to get back above broken trend-line resistance. $PRMW price bounce off the lower descending channel band, and following