• $DIS bull flag pattern, but also playable is the bounce off of the 50-day and 200-day moving averages. Keep watching the bull flag in $NFLX...not in play today, but could be in the new year. T2108 (% of stocks above their 40-day moving average) remains extremely overstretched and seeing some divergence in the last three

    |December 29, 2023|1 min read|
  • $EG parallel channel where price is testing the lower channel band looking for a bounce. $VSCO bull flag re-test. Needs to bounce here, if it is going to continue the breakout from last week. $PEAK long-term declining trend-line nearing a break to the upside. Solid consolidation underneath keeping a good risk/reward intact.

    |December 28, 2023|1 min read|
  • Be leery of rising resistance that has consistently pushed back on $TSLA of late. $GLD pushing through multi year resistance dating back to 2020. $FBIN bull flag working in the short-term, but long-term there could be some resistance that pushes back some. Not sure how difficult it will be as it is just recently testing

    |December 27, 2023|1 min read|
  • $NKE broke its rising trend-line but may be attempting to find some support here that goes back to June. $PFE declining channel with a retest on the upper band here. If that breaks it has a longer framed declining trend-line to also contend with. Solid continuation triangle setting up for $WSM this morning.

    |December 22, 2023|1 min read|
  • $VIX once again killed. $MP Strong breakout today for MP through resistance. $RCL recapturing the steep rising trend-line following CCL earnings coming in strong.

    |December 21, 2023|0 min read|
  • $SPY Kinda looks like a rug pull if you ask me. $FDX long-term trend-line worth watching especially as it is trying to hold it despite the massive gap lower. Diamond top on $GOOGL with a hard reversal and breakout to the upside which nullifies the pattern. Which is also a good example of why in

    |December 20, 2023|1 min read|
  • $PENN has struggled to hold the breakout above resistance and is once again attempting to change that theory with another breakout attempt. Amazing breakout for $AFRM, but currently running into some long-term resistance that hasn't been tested in a while. Not sure whether it will reject price or not, but if long, certainly worth watching

    |December 19, 2023|1 min read|
  • Energy sector failing to push through the declining channel. $XLE $GPCR these days there's no limits to what the bulls won't go to, to buy the dip. This time off of a -50% push lower & bounce off the rising trend-line. Gap and crap on $NIO following the gap higher. Watch to see here whether

    |December 18, 2023|1 min read|
  • Head and shoulders nearing a confirmation on $DKNG What changed in from 11 straight weeks of declines for $BA where nobody wanted the stock to 7 straight weeks of dramatic price increases and a 50% rally where no one can get enough of this stock? $COST: A perfect example of FOMO taking over a stock

    |December 15, 2023|1 min read|
  • $TSLA clean break of declining resistance with old-trend-line resistance now looming, has previously struggled to push through in the past. Triangle pattern starting to break here, but just underneath it is testing the rising trend-line off of the March lows. Make or break moment for $LLY. $RIVN keep an eye this morning on a test

    |December 14, 2023|1 min read|