$MARA hitting up against some short-term resistance. Should it break through watch old trend-line resistance. $SPOT tested rising trend-line on Monday, and following earnings, had a strong bounce. Break July highs would establish higher high and the continuation of the existing trend. Nice gap above the resistance on $COIN today. But be cautious as price
$T getting resisted by heavy resistance above. Now filling the gap, look for whether it can find a bounce opportunity off of rising support from July lows. $COIN nearing some important resistance here. Watch for a potential breakout, but extremely important that it closes above this level, and not just an intraday break. $TLT nice
Incredible run for $GLD of late, but on the weekly chart be aware of heavy multi-year resistance that looms just above $190. If it can break through, that is huge, but expect there to be a struggle at this level. Just when you think $PYPL can't go any lower, it breaks another important support level,
$TNX pushing through resistance here. Significant resistance breach, and about to hit 5%. $SOFI Price breaking back below major support levels. A significant market sell-off could take SOFI back below $5. Triangle pattern in $XLV nearing a break to the downside. Bounce play if it can hold, but with limited reward as it has resistance
That is a ton of put buying going on with $TSLA today. Still not a reason for me to play earnings though. Rising trend-line on $TSLA beginning to break down ahead of the its earnings report. $CBRL 25 year support level holding up so far and allowing for a bounce to materialize. Key moment for
Rising yields in the bond market are becoming a major problem For the financial and if they continue to rally higher, it will ultimately crash the stock market. In this video, I cover the impact of the rising yields and what it means for stocks and the stock market going forward.
This is why the interest rates going up is so bad for the economy, and almost inevitable it breaks something in the system....Declining tax revenue, parabolic interest payments, and spending that has yet to cool down. $STUDY Declining channel seeing an upside break for $BAC following its earnings. $27-30 will still be a difficult price
$VIX Bears 11 times in a row continue to reject any movement above this threshold. Tight consolidation and continues to get rejected on the breakout attempts. Heavy resistance at the 200-day moving average as well. Strong potential for a downside break. $TNX Another jump in the 10-year yield sets up for another test of resistance