Market Rotation Into Small caps is unfolding. IWM ETF appears to be set to make another rally here to the upside as the market rotation into small caps continues. Russell 2000 (IWM) pulled back late last week and is now bouncing off of the Fibonacci retracement levels and sets up for a potential rally
Don't Chase Stocks Gapping Up! When swing trading, it's crucial to be aware of the potential pitfalls that can derail your strategy. One common mistake many swing traders make is chasing stocks gapping up significantly higher at the open. While it may be tempting to jump on board, hoping to catch a ride on the
Mastercard (MA) pulling back here to the rising trend-line. Watch for whether it can hold & bounce. . Alphabet (GOOGL) buying the dip off the rising trend-line today.
S&P 500 (SPY) Kinda looks like a rug pull if you ask me. Fedex (FDX) long-term trend-line worth watching especially as it is trying to hold it despite the massive gap lower. Diamond top on Alphabet (GOOGL) with a hard reversal and breakout to the upside which nullifies the pattern. Which is also
Long-term support on Ford Motor (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. Financial Sector (XLE) nearing a potential bounce area here. Alphabet (GOOGL) slicing
Alphabet (GOOGL) pullback to the bull flag breakout today. Will need to hold this or risk this being a failed breakout. Advanced Micro Devices (AMD) pulling back to its rising trend-line off the January lows, after failing to break out of the bull flag this morning. With today's fade off the highs of
Strong potential with Meta Platforms (META) and Alphabet (GOOGL) earnings out of the way, for a pullback to the rising trend-line on Communications Sector (XLC). Ideally, I'd like to see Healthcare Sector (XLV) spend a few more days inside of this bull flag before attempting to breakout. Worth watching this one. McDonalds (MCD)
Recursion Pharmaceuticals (RXRX) Perfect example of why you shouldn't FOMO into a trade at the open. Traders down more than 15% since the open. Risk/Reward can't be managed. Kinder Morgan (KMI) breaking out of a short-term ascending triangle but worth being mindful of declining resistance overhead and nearing $18. Ascending triangle in Amazon
China Large Cap ETF (FXI) broke its declining trend-line and then simultaneously tested its short-term rising trend-line and broken resistance. While both held, it hasn't been able to get much detachment from the trend-line. Poland ETF (EPOL) very similar to the US market in that it has been basing/trading sideways for the past 11 months.