SwanFrench

SwanFrench

Back to that support I previously marked out. Gonna watch action in this area to see if it bases here. Not jumping in with both feet yet.

SwanFrench

A nice bounce off of that support I marked out a few days ago. Gonna watch to see how it acts in this area. Not gonna jump in too fast on any position.

SwanFrench

TGT, with what looks like volatility is starting to contract. Will keep watching. Green on a very red day.

SwanFrench

Hope the support/resistance is clear. The levels are clearly defined. No reason to lose a lot of money with this name.

SwanFrench

Cant like this look if you are bullish TSLA. Down day, above average volume. Will watch for basing.

SwanFrench

MSFT was very strong. Pulling back into support. Will it hold? Got me. Watch price action around that area.

SwanFrench

Pre-defined areas of resistance. Now we know what areas we are working with. Still have the foot on the brake a bit. Observing.

SwanFrench Updated 

If we do we do get a pullback in the S&P, these would be my levels of interest. They coincide with fib retracements. I would look to see if bullish price action occurs in these areas and wait for conformation.

SwanFrench

PTON, lots of low volume consolidation. Remember Ive mentioned that I love a sharp move lower to take out stops and shake out the weak hands. Looks like we may have got that. Arrow marks it. Still watching. Alerts are set.

SwanFrench

Alerts set on this one. Very strong. Love the big volume bars on up days.

SwanFrench

Still on watch. Notice the arrows pointing to the low volume consolidations. Chart still isnt broken. Maybe needs more sideways time.

SwanFrench

Semis dont look bad. Actually look pretty good. I like the way NVDA looks. Nice volume candles. Clean break. Im in NVDA and have added to the position. Gonna hold as long as possible, but not afraid to cut.

SwanFrench

This can correct through time, but I dont like the look of this. Taking my foot off the gas for now.

SwanFrench

Area of high interest for this pullback for me. Check out the volume today, a bit higher than average. If this is the bottom, I wont miss the next run up.

SwanFrench

AAPL, not a good look. Yesterdays volume was a clue.

SwanFrench

AMZN with a long base. Today it is showing strength in a sea of red. Watching to see how it holds up. Alerts are set.

SwanFrench

SQQQ, What I watch for to put on a hedge. Blue arrow points to when SQQQ starts to outperform. Currently sqqq is underperforming. These hedges rarely work, but when they do, its worth it.

SwanFrench

Study this. Check out how treasuries were moving while the S&P was moving higher. Treasuries were not making lower lows while the S&P was moving higher. Treasuries were moving sideways. A clue before the big S&P decline. As of now, treasuries are making lower lows while the S&P is moving higher.