Impressive stock market bounce, but if those rates don't come down, the rally will fizzle as well, and so far the rates haven't budged. $TNX $NEE nearing the closest thing to support at $59. Losing $70 was a big deal, but very oversold on daily, weekly and monthly charts. $AROC [...]
$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 [...]
$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 [...]
Major support breaking today on $TSLA. Now the next level of support comes in at the rising trend-line around 207-210 area. $GLD inverse cup and handle pattern nearing confirmation. $TNX 10 year yield October highs on tap. Rates continue to rise significantly. $LULU price action still struggling with overhead resistance. [...]
If $AMD breaks short-term support, I would be looking for the next leg lower to start on the stock. $SPY is trading in the gap now. Nice pullback for $BYD to the lower channel band, but my big concern here is the fact that it has now made to consecutive [...]
