I like how HCA Holdings (HCA) is pulling back to the 20-day moving average and if that holds, price level support underneath comes into play.
With quantitative tapering (QT) over, we managed to get $2.5T off of the balance sheet, but over $2.5T remains from the rapid increase brought about from Covid.
Only Russell 2000 (IWM) is showing any real leadership under current market conditions. Everything else is simply circling the S&P 500 (SPY).
Iqvia (IQV) continues to exhibit healthy price action with a bounce today off of its 10-day moving average and price level support.
Newmont (NEM) setting up for a move out of its symmetrical triangle. Will need some cooperation from gold as well.
T2107 (percentage of stocks trading above their 200-day moving average) showing some stalling under resistance.
Royal Caribbean (RCL)Â getting close to a breakout of a well-developed, short-term base.
Not a huge fan of the risk component of the Alibaba (BABA) chart, but the pattern development is A+.
I saw this before the last time I traded Datadog (DDOG) - hugged that rising trend-line for a while, and now it looks like it is trying to do the same thing again.
This fade on SPY is not a good look technically.