• $TGT up against resistance on the weekly, and could be setting up for a break through and a run back to $181. Pullback to a key support level, and attempting to bounce here. Huge risk however if the ETF doesn't get approved. $BTC.X Solid bounce so far off of the rising trend-line for $SNPS. A

    |January 10, 2024|1 min read|
  • $VIX still refusing to break through this basing pattern over the last 1.5 months. Heading back towards the December lows with another volatility crush. $RIOT possible short-term head and shoulders forming, but not confirmed. $SMCI breaking out of its sideways channel today.

    |January 9, 2024|0 min read|
  • $AMD - nice retest of the massive long-term support level that it previously broke through. So far, it is holding and following through today. One of the more bullish tech stocks over the last three days. $BA attempting to find some support off of the 50-day moving average Solid bounce for $ADSK continuing to playout.

    |January 8, 2024|1 min read|
  • Cup and handle breakout on $MNMD in play today. $SBUX long-term trend-line getting a test today. Nice ascending triangle in $TFC following the base breakout in December. Nearing a secondary breakout here.

    |January 5, 2024|0 min read|
  • 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

    |January 4, 2024|1 min read|
  • $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

    |January 3, 2024|1 min read|
  • $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

    |January 2, 2024|1 min read|
  • 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

    |December 29, 2023|0 min read|
  • $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.

    |December 28, 2023|1 min read|
  • 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

    |December 27, 2023|1 min read|