META stock is on a historic rally and unprecedented by any other Mag7 stock ever. But should you be shorting this stock, just because it has rallied the last 16 trading sessions, or will this streak likely go out with a whimper? In this video, I provide my technical analysis on META and what you
Is it time to buy the dip in NVDA? Nvidia (NVDA) had a 17% decline in one day, representing over $600 billion lost in market cap, which was the single biggest decline in market cap in the history of the stock market (META held the record before at $232 billion). Wit that being said, is
Looks like GOOGL and META may be trying to join them.
Don't Chase Stocks Gapping Up! When swing trading, it's crucial to be aware of the potential pitfalls that can derail your strategy. One common mistake many swing traders make is chasing stocks gapping up significantly higher at the open. While it may be tempting to jump on board, hoping to catch a ride on the
$META at the top end of the range and extremely overbought, attempting to break out of the channel. $MDT working on a potential base. A breakout would occur just underneath $74. Some resistance overhead to be aware of though, and earnings scheduled for 11/21.
$SOFI Possible bullish wedge trying to form, but with price testing support, could be setting up for the next leg lower, which has very little support until sub-$5 Big move here out of $VIX today. May be setting up for another move up to 30. Holding support and bouncing this well, is a bad look
$AAPL broke back above short-term resistance, just be aware, if you played the break that a short-term declining trend-line could come into play and reject price. Some really heavy call buying in $META today, with most expiring before November OPEX Broke below major support, but $CRM ultimately found some support at a short-term declining channel
$PLTR Rising trend-line off of May lows tested and held so far today. Attempting to bounce from here. $VIX pulling back some today, but still hovering just below a significant base breakout level here. $MRNA was a one trick pony, and not one worth ever buying the dip on. Now it breaks major multi-year support.
Strong potential with $META and $GOOGL earnings out of the way, for a pullback to the rising trend-line on $XLC. Ideally, I'd like to see $XLV spend a few more days inside of this bull flag before attempting to breakout. Worth watching this one. $MCD testing major resistance here and close to breaking through. Good
Despite yesterday’s breakdown, $HON has quickly reversed course and now on the verge of a breakout. Quite the clown market we are in.