Stocks

Strong move out of $PTON, but needs to show it can clear resistance. Similar pattern in mid '23 that resulted in another leg lower. Big base breakout for $QS today from its base. Not something I would want to chase here, except if it could consolidate at current levels in the form of a bull

$ZIM pushing through some resistance today with a breakout. Wild and volatile stock to manage the risk on though. Short-term you have $MPLX breaking through some resistance but long-term there is a much bigger layer of resistance to be mindful of. $PSTG seeing declining channel band push back on the breakout attempt this morning. Difficult

$RCL rising trend-line off of the October lows is getting crushed today by traders that held off selling until today for tax purposes. $ALGT holding the rising trend-line off of the November lows, despite breaking below it intraday. Will be key for it to hold this level into the close. $NEM pullback to its breakout

DIS bull flag pattern, but also playable is the bounce off of the 50-day and 200-day moving averages. Keep watching the bull flag in NFLX...not in play today, but could be in the new year. T2108 (% of stocks above their 40-day moving average) remains extremely overstretched and seeing some divergence in the last three

$EG parallel channel where price is testing the lower channel band looking for a bounce. $VSCO bull flag re-test. Needs to bounce here, if it is going to continue the breakout from last week. $PEAK long-term declining trend-line nearing a break to the upside. Solid consolidation underneath keeping a good risk/reward intact.

Be leery of rising resistance that has consistently pushed back on $TSLA of late. $GLD pushing through multi year resistance dating back to 2020. $FBIN bull flag working in the short-term, but long-term there could be some resistance that pushes back some. Not sure how difficult it will be as it is just recently testing

$NKE broke its rising trend-line but may be attempting to find some support here that goes back to June. $PFE declining channel with a retest on the upper band here. If that breaks it has a longer framed declining trend-line to also contend with. Solid continuation triangle setting up for $WSM this morning.

$VIX once again killed. $MP Strong breakout today for MP through resistance. $RCL recapturing the steep rising trend-line following CCL earnings coming in strong.

$SPY Kinda looks like a rug pull if you ask me. $FDX long-term trend-line worth watching especially as it is trying to hold it despite the massive gap lower. Diamond top on $GOOGL with a hard reversal and breakout to the upside which nullifies the pattern. Which is also a good example of why in

Energy sector failing to push through the declining channel. $XLE $GPCR these days there's no limits to what the bulls won't go to, to buy the dip. This time off of a -50% push lower & bounce off the rising trend-line. Gap and crap on $NIO following the gap higher. Watch to see here whether