CVX caught up in a patternSymbol: NYSE:CVX
Indicators
Lag RSI
My Opinion: Neutral
Comments: Oil is trying to recover after breakdown from the pattern.
Marketalpha
SPY Looking Very BullishSymbol: AMEX:SPY
Indicators
Lag RSI
My Opinion: Bullish
Comments: I thought we were going to be heading down after last weeks sell off but looks like SPY has a lot of bullishness behind it and may be printing more green this week.
If the trend stays bullish we may be testing the middle channel trendline.
CTXR Possible Ghost Trendlines For A Big GainerSymbol: NASDAQ:CTXR
Indicators
Lag RSI
My Opinion: Bullish
Comments: Just added to the watchlist on our site! Check out which other we've already added.
NOA Making Monster MovesSymbol: NYSE:NOA
Indicators
Lag RSI
My Opinion: Very Bullish
Comments: This thing has been on a tear and may continue. I love the view of the Laguerre RSI
SAVA Bullish and Aiming HigherSymbol: NASDAQ:SAVA
Indicators
Lag RSI
My Opinion: Bullish
Comments: Stock is looking bullish and has just been massively trending upwards!
AEI Jumps HigherSymbol: NASDAQ:AEI
Indicators
Lag RSI
My Opinion: Bullish
Comments: Looks to be a lot of short covering going on here... Will check back to see if this one pops higher.
Torchlight Energy Boomin After HoursSymbol: NASDAQ:TRCH
Indicators
Lag RSI
My Opinion: Bullish
Comments: Torchlight is trading high volume afterhours and may continue higher. Here is technical analysis for TRCH
Dow Jones Composite Trying to RecoverSymbol: DJCFD:DJA
Indicators
Lag RSI
My Opinion: Recovering
Comments: Dow Jones slid hard but the overall market looks like it was able to shake it off quite well... The Dow Jones could easily lead the market on the downside if it's not able to pick up pace.
IWM Looking For BuyersIWM looks like it's just receiving sympathy from the market rally.
More pain on the downside, need to capture above resistance to give the russell more confidence to move higher.
QQQ Proving to a Pack LeaderNasdaq showing strength while other indices are trying their best to catch up.
Nasdaq will need to carry this bullishness through to other indices to see short-term sentiment flip.
SPY DailySPY has some targets it may be looking to reach below if this quick rally looses steam.
Watch news for market direction!
A Closer Look at AMC's Tight RangeSymbol: NYSE:AMC
Indicators
Upper: Delta Volume
On Chart: ALMA x2
Lower: Laguerre RSI
Comments: I can't believe I'm going to say it... I don't know how but AMC is still showing bullish and could blow up a lot of added shorts at the top... What in the world am I even looking at even more.
Always stay on the right side of the trade.
PLTR Trending Towards Big MoveNYSE:PLTR
One of Americas favorite meme team leaders is looking to make a push towards 30... Will we see more fundamental mishaps that cause this stock to go down or are we going to see some legitimate price increases?
ARKK Bearish PatternAMEX:ARKK
Top 3 Holdings
9%~ NASDAQ:TSLA
6%~ NYSE:TDOC
5%~ NASDAQ:ROKU
Going for the retest of the longer-term bearish pattern
Loyalty Seems to be Weak With GMESymbol: NYSE:GME
Indicators
Laguerre RSI
ALMA x2
Thoughts...
GME clearly had a big sell off from last week with AMC holding it's position. It looks like the meme players here may be looking rally elsewhere...
Things to Note...
GME should be avoided
AMC Looking to Pop HigherSymbol: NYSE:AMC
Indicators
Laguerre RSI
ALMA x2
Thoughts...
LagRSI is showing bullishness which may be good for the "apes"... haha
Things to Note...
AMC is ridiculous and should be traded extremely carefully and with extreme caution... New traders have their accounts blown up while still being right on their assumption... just because they have never traded in the markets before. Don't let that be you.
SPY Weekend UpdateSymbol: AMEX:SPY
Indicators
Laguerre RSI
ALMA x2
Thoughts...
SPY is at all time highs so we should expect some hesitancy. I wouldn't be surprised to see a test of the grey support line.
Things to Note...
The lagRSI on the 45 minute time frame is starting to get shaky which could signal a big move... We will have to see if we cross above the upper line to see a bit of selling pressure.
NVAX Pattern Based Off FractalsSymbol: NASDAQ:NVAX
Top Indicator: Laguerre RSI
Bottom Indicator: Tradingview MACD
Here is a pattern based off of Fractals. We have a divergence in the MACD and two big trendlines coming into play.
We could see a big move either way here, price has been hanging out after a solid move up and the dips are getting bought but we haven't broken out yet.
