Do with this information as you will, but yields are either near a breakout point or a rejection point. Overshoot possible before finding out. Good-luck to you! TVC:US20Y NASDAQ:TLT
NASDAQ:NVDA is seemingly rejecting this level once again.
Major breakout appears to be coming soon for NYSE:UBER NYSE:UBER
Below I show you a longterm AMEX:XLF chart that has had a complete rocket higher without any consolidation in price. In my opinion XLF cannot break out here without some consolidation back down in price; and then maybe it can retest and breakout; but I don't think it can do it on the initial attempt... I may be wrong, but you can place your bets accordingly....
NYSE:HD I wonder if this ends up being a double-top for Home Depot? I would watch lumber prices, it tracked lumber quite closely last time, if lumber fades soon it could signal macro-economic weakness in the economy, which could lead to lower bond yields and lower stock prices together. Watch closely my friends.
I guess that you can say that this and next month are pretty huge for the technicals of the NASDAQ:AAPL chart.. This is the Logarithmic Monthly for 🍎 -AAPL almost tagged the 20month MA (green) -AAPL has broken below the 21year uptrend and rejected the 5year uptrend support (orange) NASDAQ:AAPL
Buyer beware here for the semis... NASDAQ:SMH Monthly chart, parallel channel resistance..
Ascending wedge resistance tested again, pullback due to less rate cut optimism, or fake move once again?
I provide you both sides of the argument. Goodluck. M or Cup and Handle? Bear or Bull? Economy healing or double-dip incoming? Your choice, but be pragmatic and risk averse.
Directly in the supply zone, earnings and guidance were blah... Cost-cutting not enough for investors at the moment.. Investors unsure of macro-outlook in coming months... Not a buyer here personally..
This has reached a bit too consensus for me. Fading/closing longs on Gold/gold miners.
Gold Miners have suffered, and this one has now capitulated in my opinion. Yielding 5.6%+ and near a hefty demand level between 38-35, I'd expect a new uptrend in this one sooner rather than later. (See pink circles in the longterm squeeze indicator chart, extremely eversold - second most since 1985)
Gap almost filled for SMH
Goodluck
Goodluck Retesting the channel it broke down from...
#CPI Data Thursday...
Let's see what happens next with CPI this week.