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
$TTD attempting to break out of a year-long sideways channel. Watch $SBUX as it tests the underside of its broken trend-line. I expect some push back and if it holds could set up for the next leg lower. $AAPL breakout to new all-time highs. $LULU sharp rejection at resistance and couldn't break out, and now
$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. Â
Another breakout for $GOOGL looking really strong here against this tape today. Â
Multiple support levels on Airbnb (ABNB) breaking yesterday and today. Potential for a sub-100 move from here. Alphabet (GOOGL) breakout above resistance was a big one today. Anheuser-Busch (BUD) with bull flag pattern forming, following an impressive rally off the March lows. I'm watching for Charles Schwab (SCHW) to retest the rising trend-line for '12
$IWM bull flag breakout today. Â Â
$IWM bull flag breakout today. Â Â
2yr Yield continues to break higher and posed to challenge the 2022 highs. Â Â
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