Watching for Super Micro Computer (SMCI)to pullback to the rising trend-line for a potential bounce play. Rumors of an AMC Entertainment (AMC) buyout by Amazon (AMZN) shooting stock price up, and potential creating a breakout scenario. However, in doing so it will keep a lot of long-term bagholders ($10+) from ever colonizing the moon. Lands
Bed Bath & Beyond (BBBY) down 67% since the highs of Monday. Significant week for CBOE Market Volatility Index (VIX) as it was finally about to breakout of the downtrend. US 10 year treasury yield (TNX) breaking out of its declining trend-line from October highs. Alibaba Group (BABA) breaking that rising trend-line. Apple
Genmab (GMAB) with a nice rising trend-line off of the June lows, showing strong potential for a move to $45's. US 10 year yield (TNX) testing declining resistance Amazon (AMZN) pulling back to the short-term rising trend-line, and attempting to bounce. Royal Caribbean (RCL) rally has been incredible of late, but may be facing resistance
$F right up against declining resistance. Â Â
Multi-year support level on $AMZN getting tested here.
AMZN with an ugly break of long-term support. SOFI price action unable to sustain the move above resistance. Watch for it to close the gap. The SNAP pop isn't worth trusting as long as it remains below declining resistance just overhead. LLY rising trend-line off of September lows could be tested here really soon.
Intel (INTC) making a run towards its upper channel band. Amazon (AMZN) clawing its way back to hold a critical level of support today. Not every day you see McDonalds (MCD) go parabolic like this... Home Depot (HD) breaking out and confirming the double bottom.
It's a big week of earnings for the stock market including earnings reports from the major big tech stocks. I provide analysis for the following stocks: Apple (AAPL), Microsoft (MSFT), Google (GOOGL), Meta (META) and Amazon (AMZN).
$XLE attempting to sustain a bounce off year-long support, following heavy selling.
Big bull flag breakout on $CF today, despite a bad tape.