Stock charts and technical analysis
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. Russia’s war against Ukraine [...]
Major support where $MSOS is attempting to bounce higher from. Any play to the upside is worth being aggressive with profit taking. $VZ pushing up against two significant layers of resistance: 1) Declining trend-line, and 2) price level resistance. Currently being tested, but neither broken as of yet. $ELF textbook [...]
Despite a double beat, $SOFI was unable to push through declining resistance. $VIX giving up a lot of its gains from the past three days. A break back below support could signal a dead-cat bounce for equities underway. Two developments in $RIVN today: 1) Broke its rising trend-line off of [...]
Long-term support on $F broken today. This is a scenario where trying to guess at where support might loom is not worth it. Best to let the stock start to base first instead of guessing where it might bounce. $XLF nearing a potential bounce area here. $GOOGLslicing right through support, [...]
$MO getting steamrolled post earnings, but may find some support here off of long-term rising trend-line at $36. A lot of chasing taking place in $SAVA over the last two days, but you'll want to be mindful, if long, that there is some heavy resistance looming above. $LLY looks like [...]
$SOFI Possible bullish wedge trying to form, but with price testing support, could be setting up for the next leg lower, which has very little support until sub-$5 Big move here out of $VIX today. May be setting up for another move up to 30. Holding support and bouncing this [...]
$MARA hitting up against some short-term resistance. Should it break through watch old trend-line resistance. $SPOT tested rising trend-line on Monday, and following earnings, had a strong bounce. Break July highs would establish higher high and the continuation of the existing trend. Nice gap above the resistance on $COIN today. [...]
$T getting resisted by heavy resistance above. Now filling the gap, look for whether it can find a bounce opportunity off of rising support from July lows. $COIN nearing some important resistance here. Watch for a potential breakout, but extremely important that it closes above this level, and not just [...]
Incredible run for $GLD of late, but on the weekly chart be aware of heavy multi-year resistance that looms just above $190. If it can break through, that is huge, but expect there to be a struggle at this level. Just when you think $PYPL can't go any lower, it [...]
$TNX pushing through resistance here. Significant resistance breach, and about to hit 5%. $SOFI Price breaking back below major support levels. A significant market sell-off could take SOFI back below $5. Triangle pattern in $XLV nearing a break to the downside. Bounce play if it can hold, but with limited [...]
That is a ton of put buying going on with $TSLA today. Still not a reason for me to play earnings though. Rising trend-line on $TSLA beginning to break down ahead of the its earnings report. $CBRL 25 year support level holding up so far and allowing for a bounce [...]
This is why the interest rates going up is so bad for the economy, and almost inevitable it breaks something in the system....Declining tax revenue, parabolic interest payments, and spending that has yet to cool down. $STUDY Declining channel seeing an upside break for $BAC following its earnings. $27-30 will [...]
