TFC hitting against resistance but if this rally off the 5% dip continues, there should be no reason this does not continue to rally as well. Looking forward to watching her move.
QQQ has now closed its gap as well. Strength in this market is not to be underestimated. Good to see as well.
APPS has been in this down trend for a long while. Nice to see it finally breaking out. This has been a high flyer and for good reason as they have done extremely well over the COVID period. Excited to see where she goes.
NCLH breaking out of this wedge. It has taken a beating over the last few months. If the reopening play is back on track, this would be one of them. I am more inclined to buy airlines and other industrials but to each their own. Hope this works for you if you own it! GLL!
SPY has backfilled its gap and right at the 50 EMA (daily chart not this one). As I write this it is now at 441.43. Moving on up. Hopefully 5% dip is over!!
SPY has risen close to the trendline break that occurred Monday. This should act as resistance but it could bust through as it has to other trendlines in the past if this bull market is here to continue.
IWM has reached and filled the gap down from Monday. Still within this range since beginning of the year. It looks like it could easily continue higher but SPY and QQQ have not filled their gaps. Would be nice to see the IWM break out from here. We are entering small cap season. GLL!!!
SPY peaked a little above this downtrend but its still hard to jump on board without further confirmation. Especially since we could have premarket selling overnight. Will continue to watch. Good luck longs.
XLE is has pulled back over 15% from its high. Yielding 4.5% now. If you believe inflation is not just transitory and in the reopening of the US into 2022, this is a good idea. I've never been a big fan of energy but their are several tailwinds possible to continue to drive this higher into next year.
$NKE reached oversold status on RSI. Interesting it is at the last earnings bump and earnings are in 3 days. Will she fall and backfill or bounce. Last earnings beat was a beast.
IWM backfilled that gap from several days ago. I would love to see her touch the support line again. That was a fun couple weeks last time.
$TTWO has been beaten down with the delays in their game launches. Last 6 earnings have beaten expectations but it has not been able to gain traction. Maybe this line will be the support it needs.
AT&T weekly chart reaching near its supporting trendline. Decent risk/reward with a stop depending how how much volatility you can withstand. Also nice that the dividend is over 7.5%
SPY nearing the 100 EMA. We will see if she bounces there or wants to go lower - possibly to 200 EMA. Last time we reached the 100 EMA was this Sept-Nov of last year followed by a very nice few months after. Many stocks have taken quite a beating over the last couple weeks and nice rotation has occurred. Good luck to you all.
$SPY near (but didnt reach support line. We could see a sell off Monday to hit that and then a bounce. Wednesday's Fed decision will be interesting to see what happens. If we fail that support line, I would like for us to revisit 400 on the SPY.
Nice cup and handle formation. Several days of consolidation before breaking out today. Hope the follow through continues. I picked up some shares (personally not for clients) at $7.35. GLL
Not sure what is going on but it looked very similar before it mooned out of control. Not sure if it will happen but is a fun one to watch. I bought some Jan 22 15c for 0.23 for pure fun. It could go bust but it could also provide to be an exciting one to watch :) GLL
She's been a disappointment except for a few weeks since IPO. I would not be surprised if she disappoints again but the December 22c are pretty cheap for a long term lotto fun play. Very tiny position but we shall see :) GLL