Fox_Technicals

Fox_Technicals Updated 

We're looking at the US 30yr bond futures for a potential move higher through the 115 handle. The way bulls have chewed it up this level so far which is promising, market may support a bond rally as dollar keeps moving down

Fox_Technicals Updated 

We show cased an hourly trade here that took longer than expected to play out. This is a post showcasing the potential for IWM to keep moving but still looking for the long positions to continue to be a hold. I believe rate expectations might give bulls a bit of something to chew on. Growth sectors like KRE, ARKK and XRT are looking good as well...

Fox_Technicals Updated 

BABA is showing a great deal of relative weakness into market strength and it might be a sign this isn't quite done with the selling yet. If FXI can keep heading up it may be able to pull this up but as of right now I have to consider potential weakness around this area.

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Growth in general is looking more and more promising and I'm expecting KRE to show this. I think bears may struggling keeping this contained at 45. We'll see how this one plays out...

Fox_Technicals Updated 

Williams Sonoma showing incredible momentum right now and we'll see if it can continue

Fox_Technicals Updated 

Palantir is showing tremendous strength here especially at this 17.5 handle where it seems to be performing better than it's peers in growth tech and aerospace / defense. We'll see if bulls can continue the pressure. Good luck traders!

Fox_Technicals Updated 

Last month we wrote about the possibility (linked below) about EURUSD continuing to be bullish off the 1.06 handle well today we believe there is some chance we keep going...

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Looking for the Russell 2000 bulls to stay resilient at 1800 for a short term hourly move. Euro may support the move as DXY's fall through 105 is helping growth

Fox_Technicals Updated 

We'll see if retail can continue it's bounce off the lows, if it does, I suspect AEO will continue at 17.5

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Corn in an interesting spot here as we reach the late quarters of the rate hike cycle. We are on watch for potential shorts following the success of the soybeans trade linked below.

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Uranium showing a lot of strength following this break of the key 27.5 level. Growth stocks will need to generally recover here to have a chance.

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I'm curious if in the short term ARKK may underperform at the 40 handle. I believe some growth names like DASH, DOCU and SNOW may have gotten ahead of themselves and are worthy of another pullback at least for now..best of luck traders

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Looking at Tesla underperforming recently while the market had a massive rip. This makes me concerned bulls could be vulnerable here in this area and that we may need to test lower 200s perhaps or lower but we will stay tuned and provide updates as we see them. Cleaner energy names are struggling today following PLUG's earnings report. Good luck traders

Fox_Technicals Updated 

Lucid just saw a tremendous break of the very important 5 level and I believe it may persist given the economic backdrop and higher yields. We will keep a look out for a bottom, if there is one as the company is seeing tremendous financial pressure...

Fox_Technicals Updated 

Crowdstrike saw an impressive break of 190 today and I suspect this action may continue. Good luck traders..

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Looking for consumer discretionary to underperform here at least in the near term, we may end up oscillating around this area.

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45 seems to be a major point of contention for Ceasar's but I fear the pain here may not be done and that we may probe below 40. Broader growth and discretionary stocks are also worrying me right now in the short term and CZR may underperform given the backdrop.

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CVNA has had a nice rip from the October lows but I'm wondering if that will fizzle out on the prospect of small cap stocks and retail names pulling back. May be short term but we'll need to see how things play out.