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XLF

MCK DAILY - Breakout on EarningsToday a gap up on positive earnings and revenue, Today an ascending triple top breakout on the point & figure. This is a health care stock (timely sector) with superb financials. This is not financial advice, but if I were to load into this stock, I would: a) look for a pullback to 381.43 (potential VPOC support) for potential entry b) Look for a further pullback to 376.19 (Gap fill) for potential entry c) In the event this is a runaway gap, I would look for a breakout above 401.78 (52 week high), where there should be free sailing ahead. d) Point & figure target is currently 459 (long position only).
NYSE:MCKLong
by UnknownUnicorn13101
FOMC Summary | QQQ & SPY Analysis | KRE & PACW Bust | QCOM ER- FOMC Summary: 0.25bps hike today, Powell saying no cuts this year may made the market a bit red but he said that last time too. I personally think it was because market participants this time wanting to hear a pause due to it being so price in but he didnt say any of that so market went down. - QQQ bounce off of Key support yesterday but broke below today - NASDAQ:QQQ and AMEX:SPY both below 12 EMA - NASDAQ:PACW NEWS wanting to sell its entire bank AH, causing market to drop - NASDAQ:QCOM ER saying lower demand on phones made NASDAQ:AAPL drop
NASDAQ:QQQShort
by ArcadiaTrading
2
Strong Banks / Point of inflection for the Markets Bank Earnings have been great! Though, The market wasn’t overly thrilled about it. We believe this is due in part to the uncertainty it caused regarding the fed rate path. The bank failure(s) that occurred, and fear of continued failures, cast doubt on the feds ability to continue to raise rates. This elevated markets, in our opinion, in conjunction with favorable inflation and NFP reports showing a cooling economy.… then the bank earnings arrived snd acted as a headwind to the indexes. What we think is important to watch for: 1) ES1! 4200 This region has been a repeated battleground for Price action. and a close above it .. or failure at it, would be a good indicator for midterm direction. 2) FED comments on the banks earnings Overall bullish on the market- but I do think we may range for a bit longer. 3) XLF may yield sustained alpha
CME_MINI:ES1!
by WillNixTrading
$QQQ BULLS Continue but at KEY Resistance, PCE Data tomorrow- SPY QQQ gapped up again but ended up closing within todays trading range, unlike yesterday bulls have a strong follow through after open. - PCE Data tomorrow morning 5:30am PST - QQQ closed around key daily resistance. - End of the quarter and month rebalancing tomorrow will bring lots of volatility - Will XLF / KRE join team bull or QQQ / SMH join team Bear? - i am slightly more bearish at this level but so far theres no red flags for the bulls at all for QQQ SMH SOXX
NASDAQ:QQQShort
by ArcadiaTrading
3
Daily $QQQ Market Breakdown, Potential Bull flags in Tech Sector- SPY and QQQ have been very choppy due to sectors rotating around may potentially continue unless we start seeing XLF forming daily uptrends and joining team bull. - Or we see XLF / KRE go sideways and QQQ and SOXX/ SMH join team Bear. As of now there are zero red flags for QQQ and SMH daily time frame so i am slightly more bullish in my intra-day scalp trades. Wont be holding anything overnight until we get a clear direction in the market i am open to both bearish or bullish trades just want a clear direction.
NASDAQ:QQQLong
by ArcadiaTrading
$QQQ $SPY BEAR LACK Follow Through, Key Levels to Watch- $SPY $QQQ bear had all its chances to bring QQQ down after a bear break this morning out of the tightening range we had in the last 4 days but bears couldn't follow through. - Want to see QQQ Bulls gain back its hourly uptrend and break above 308 area of resistance. - want to see XLF / KRE bounce for SPY & SPX to break out of its equilibrium bull. of course vice versa for the bears. - zero red flags on the daily time frame for SOXX / SMH / QQQ
NASDAQ:QQQLong
by ArcadiaTrading
2
$QQQ Equilibrium In Play till Monday. $SPY need 1h trend change- QQQ Equailibirum key break will be Monday which will determine which way SPY is going to move. - SOXX / SMH turning from lead bull into lead bear today, weakest sector since Dec 2022. May drag down QQQ if it continues. Will short this sector if it continues on SOXS. - SPY bulls want to see a hourly uptrend form, Bears want to see QQQ bear break Equilibrium and drag SPY down. - XLF / KRE gapped down and bounced all day, big enough bounce now for bulls to try to form an hourly uptrend, but before that bulls has changed nothing on the daily timeframe.
NASDAQ:QQQ
by ArcadiaTrading
KEY TOP WATCH $QQQ Equilibrium Pattern Tomorrow - QQQ equilibrium pattern is going to be key break for which direction market is going the next couple days, - XLF KRE bear break to new lows will break QQQ equilibrium bear and then drag SPY down even more. - Yellen flip flop - no deposit guarantee yesterday to today it will be. (the more they flip flop back and forth the more we see them as less confident) - SOXX / SMH semi sector also helping QQQ with such a strong move up, QQQ bear break will likely mark a temporary top on this sector. need to see NVDA drop too.
AMEX:SPYShort
by ArcadiaTrading
FOMC Price Reaction Analysis, Support & Resistance, $SPY/$QQQ- Looking for a hourly Bear flag on SPY and QQQ after this huge move down. - XLF and KRE top watch to see if we break fear lows/52 week low. Fear would likely come back in if we do break the lows - looking for SOXX/SMH to go from lead bull turning into lead bear - Rate hikes is a head wind more for QQQ then SPY, so after Powell saying no rate cuts this year, we would likely see QQQ lead to the down side as well just like it lead to the upside. - FOMC reaction day after is always the real move, so tomorrow we need to see if bears can follow through or todays just a small reaction move.
AMEX:SPYShort
by ArcadiaTrading
$NASDAQ $QQQ $SPY closed near key resistance, FOMC 2pm EST- NASDAQ QQQ and SPY closed near resistance QQQ im looking at $311 daily time frame triple top. - FOMC 25BPS tomorrow 80% chance, need to see in Powell's speech if this is our last hike or we get a pause, also information on the banking situation too. - XLF is going to be key factor tomorrow for SPY's direction, went completely sideways today will break strongly in a direction tomorrow. - i am slightly bearish here since we are right at key resistance but FOMC can change that in an instant, for ex we get a pause after this hike then we are very likely breaking that resistance if that happens i am bullish and going long.
CME_MINI:NQ1!
by ArcadiaTrading
KRE / XLF / QQQ / SPY Triple Top Resistance into Wednesday FOMC- KRE and XLF still in a bear flag territory, Both are closing in on their tightening range and will break very soon either tomorrow or Wednesday. we will get a lot of volume and volatility once this breaks. - QQQ & SPY have a Triple top resistance, if XLF break bull SPY will very likely break that resistance, so will watching all 4 closely. - FOMC Wednesday 0.25BPS is still around 70% chance, what bulls want to see is Powell saying we are pausing after this hike, Bears want to see more 0.25BPS hikes.
AMEX:KRE
by ArcadiaTrading