Watch for a potential cross -section of support for Applied Materials (AMAT) to bounce off of here. Nice cross-section of support for Garmin (GRMN) if it can bounce off of it in the coming days. Moderna (MRNA) finally pushing through major resistance. Walt Disney (DIS) with five straight days of gains, but even
Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.
$PINS finally breaking through some major resistance.
$AMGN wedge pattern breaking to the downside.
PayPal (PYPL) attempting to bounce off the November lows, but overhead resistance will be very difficult to break through. Applied Materials (AMAT) Watch the triangle pattern here for a potential breakout as it attempts to bounce off of the rising trend-line. Bear flag confirmed on Western Digital (WDC) Utilities (XLU) solid uptrend remains
$VIX breaking declining resistance…finally.
$DBGI rally likely to face headwinds at declining resistance.
$MSOS attempting to break out of a massive base going back to May.
$SHOP breaking out of the base today. Strong runner.
$VIX breaking its downtrend ahead of the Powell speech.