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
$NCR cup and handle pattern nearing a breakout.
Potential landing spot for $TNX, if the yield continues to drop.
Watch this resistance on $SHOP that is being tested.
$XLRE pulling back to its short-term, rising trend-line. Watch to see if it can muster a bounce.
$BABA – Watch this rising support level off the March lows and whether price holds.
$ROKU resistance break through today.
$BIG with heavy resistance overhead with price level and trend-line resistance.
$KR rally – is this a product of them increasing earnings, revenue, or both? If the former, then they are capitalizing on inflation rather than adjusting to inflation, right? Perhaps more are eating at home and less eating out?
Each night I provide a recap of the charts and technical analysis of some of the most intiruging market development. Call it “cleaning out of the notebook” per se. Here you will get a hodge-podge of analysis on different stocks, sectors, ETFs, and market indices. Some of them, may have been requests from members of