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)
Despite yesterday's breakdown, Honeywell (HON) has quickly reversed course and now on the verge of a breakout. Quite the clown market we are in. Caterpillar (CAT) intraday breakdown of support has now seen a sharp intraday rebound. Watch declining resistance above. Communications Sector (XLC) ripping higher on Meta Platforms (META) earnings, but closing
Resistance to watch on $NKE ahead of their earnings this afternoon. Â Â
$UBER unable to hold declining support here. Looking for a retest of the trend-line off of last July’s lows.  Â
Panic selling on the $TICK Â Â
$SPY afternoon sell-off was a nasty one that saw price close at the lows of the day. Â Â
The stock market faces a major week of volatility and price swings with the FOMC Statement. This in addition to earnings coming from Meta, Apple, Google and Amazon that will be sure to rock the stock market for better or worse. I'll be going over the selling seen on Monday and whether it is indicative
$NCR cup and handle pattern nearing a breakout.
$DWAC heavy price resistance provided a serious rejection in price.
$SCHW pushing through resistance. Strong move.