Advanced Micro Devices (AMD) breaking out of the declining channel. Incredible strength despite a difficult tape today. The play for Baker Hughes (BKR) is playing the bounce off of the rising trend-line. Gapping today above breakout resistance, watch for a pullback to the breakout to try getting long. Celanese (CE) resistance getting tested as price
Stocks have rallied hard over the last five trading sessions, but can the rally continue going into Friday's Job's number?
$WING testing key support, and on the verge of a breakdown that has the potential for a move to the $130's. $VIX back to testing a major support level. Break it and the 11-12's are within reach. $EOG triangle forming - worth waiting for the breakout to help determine future direction for the stock. $PYPL
$ZTS with a nice run from $180, may be starting to run into some resistance that goes back to early '22. $HXL nearing some short-term rising resistance & overbought. Price is closing in on a bear flag confirmation. $XLU $CVNA breakout of declining resistance off of June highs, but watch for potential resistance at the
$FÂ continues to hold the rising trend-line off of the March lows. Potential bounce candidate here. $NIO desperately attempting to hold major support. Close will be very important, and a hold should drastically increase the chances of a bounce from here. $QQQ declining resistance getting tested on QQQ here.
Coinbase Global (COIN) finally starting to break out of the declining channel from mid-July. Very little resistance overhead from here to continue to the climb. Imagine getting stopped out on a random 7% drop mid-day for no reason at all on Oracle (ORCL). No news that I can find anywhere. Starbucks (SBUX) breaking
$TNX pushing above October '22 highs and breaking through some heavy resistance. $AMC rejection at resistance was the clue to get out. Now it is breaking major support going back to '22. Retested it on Friday and failed. For those that think $AMC is rigged, then why are you even trading it? Simple logic -
$IBB bouncing off of the rising trend-line from October '22. You'll still want to be mindful of overhead resistance. $CVS for a second straight day testing key support that if broken goes back down to 2019 & 2020 prices. $VIX running into heavy resistance at the 200-day moving average. $TNX 10 year yields showing rejection
With a recent barrage of selling and an extremely oversold stock market, many are left wondering: are we on the brink of a dead-cat bounce? Dive into this comprehensive analysis as I dissect the behaviors of QQQ, IWM, SPY, and the VIX using technical analysis to find clues about the market's next moves.
Bitcoin $BTC.X crashing & breaking the rising trend-line off of the January lows. $LNG Rising parallel channel, with a hard bounce off the lower channel band. Looking for a move back to the upper channel band from here. Pullback to the rising trend-line in place seems to be the most logical area to target a