Whatever they're calling themselves now had a monster day on Friday, and looks like it wants to take out $345. Clear that and i expect ATH's to come soon after. The .5 (which is the last line of defense to remain bullish) held and two failed attempts at a breakdown before making a hard bounce on Friday. I don't plan to play it until it clears that overhead...
MSFT has the chance to bust through this ceiling and continue to extend to ATHs. If tech and the Q's hold up this is a no brainer. Similar to FB we have a monster close on Friday, heading into resistance, and what I believe will be a bullflag set up into the week, before eventually trading higher. Again nothing for me until the break above $339
The energy sector has been getting some love lately and after several touches above RUN looks ready to..... Run. Every time runs into the resistance above its chipping away at the sellers wall. I'm looking to play on a break above resistance with volume for a big move. Chart is very healthy. I'm less interested if a daily close comes below the 8ema.
This thing has been like my baby the last 8 to 10 weeks. As long as the printer is still on this thing won't stop. There's nowhere else for money to go. But that is fundamental stuff and not technical. Last week was a cooler to reset the chart but I ultimately believe we see 4700 again very soon (futures market looks bright right now too). Be on the look out for...
Keep TGT on watch here, especially if given an inside tomorrow on the daily. This looks like consolidation before earnings and a run to ATHs. However something to be mindful of is the reaction it received after last earnings. Don't lose sight of this one, because if it holds its going to run in holiday season.
After something like 17 of the last 20 days being green, its probably a good chance we consolidate up here. Doesn't mean market tanks, just means I'm looking at a possible cool off to some fib retracement levels. Something to keep an eye on in the week ahead.
with earnings coming up in a couple weeks and low volume consideration, it looks ready to run back into the $30 range. Will take an entry here as long as the 8ema holds. Trade is invalidated with a daily close below $22.30.
pretty simple play here, a break of the channel leads to $3550. Expect some consolidation after Friday's massive run, but looking for another move higher. Wouldn't play it until a break of the channel and would look to cut on a daily close inside the channel.
With everything beat up, we could see some reversals here. A lot of names can retrace to the golden pocket and beyond. Looking for a move back to the GP ($67). If market crumbles and $60.75 is lost on the daily time frame, the trade is invalidated.
BTC looks like it's ready to break to 59k before meeting any real resistance. Clean shot and clean chart on all time frames, there's really nothing in its way here and it seems like the news surrounding the cyrpto space has turned positive. Cautiously bullish to 59k, and then we see.
Huge gap overhead, this is a coin flip with great risk to reward; the upside being $99. Travel has also been beaten up, and in a tough spot with the holidays coming up, but the chart looks good on the daily, and volume dropping off, there could be a big move coming here. Something to keep an eye on. Trade is no good with a daily close below $82 but also one of...
AAPL never moves when we want it to move, but with earnings coming up at the end of the month and also oversold there is an opportunity to catch more of this bounce that came from strong support at $138. If the selling is over, I am expecting a move back to $145 $147, and $150. Trade is invalidated with a daily close below $139
FB looks oversold here and with earning coming up in two weeks, an entire month + of selling, and sitting at the golden pocket, this is a good spot to take a shot long. Pretty simple here, targets 1 and 2 are $340 and $350. Trade would be invalidated with a daily close below $323
If markets cooperate TSLA can run to All Time Highs soon. It has respected the channel but is facing serious overhead resistance. Above $780 and this thing isn't coming back. This is a momentum play with huge potential upside. Trade invalidated with a daily close below $748
FDX is oversold on the daily with the RSI sitting at a whopping 17. Too far gone and expect a bounce like most names that sold off the last two weeks. There is a healthy gap above that can fill, especially with the holiday season coming up. Trade is invalidated with a daily close below $217