Charts + Technical Analysis

Another day of selling in $SHOP could create a really good bounce opportunity off of the rising trend-line. Bull flag in $GS looks sharp, but a very problematic declining trend-line just above the breakout level. Bull flag developing in $ABBV - resistance overhead currently sitting at $161. Nice trade setup here. $PYPL Currently sitting at

Electronic Arts (EA) breaking below key support and, so far, failing to bounce. Worth staying away from, for now while it searches out a new bottom. Microsoft (MSFT) possibly putting in a significant topping pattern and breaking below key support here. CBOE Market Volatility Index (VIX) break in the declining trend-line, and a

AMD earnings report is out! Here's a technical analysis breakdown for what to expect from the stock going forward. https://youtu.be/kaPQULlJkFM I've also provided a breakdown on the SBUX earnings as well... https://youtu.be/ZX9d39gkyQM

Watch the $ORCL bullish wedge for a potential upside breakout. $NCLH potential bounce area for the stock following a sharp earnings sell-off today. Anybody want to address the elephant in the room? $TLT $AMD nearing a breakout of the bull flag pattern that has been forming since June. Pushing through the $117's into the 118's

United States Oil Fund (USO) spiking and pushing through major resistance today. Tupperware Brands (TUP) traders chasing the pipe dream into heavy resistance. May be the top on this one. Highlighted the dangers of these in my podcast this weekend. Keep a close eye on this support level for Microsoft (MSFT). If it

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