Williams Sonoma showing incredible momentum right now and we'll see if it can continue
Palantir is showing tremendous strength here especially at this 17.5 handle where it seems to be performing better than it's peers in growth tech and aerospace / defense. We'll see if bulls can continue the pressure. Good luck traders!
Last month we wrote about the possibility (linked below) about EURUSD continuing to be bullish off the 1.06 handle well today we believe there is some chance we keep going...
Looking for the Russell 2000 bulls to stay resilient at 1800 for a short term hourly move. Euro may support the move as DXY's fall through 105 is helping growth
We'll see if retail can continue it's bounce off the lows, if it does, I suspect AEO will continue at 17.5
Corn in an interesting spot here as we reach the late quarters of the rate hike cycle. We are on watch for potential shorts following the success of the soybeans trade linked below.
Uranium showing a lot of strength following this break of the key 27.5 level. Growth stocks will need to generally recover here to have a chance.
I'm curious if in the short term ARKK may underperform at the 40 handle. I believe some growth names like DASH, DOCU and SNOW may have gotten ahead of themselves and are worthy of another pullback at least for now..best of luck traders
Looking at Tesla underperforming recently while the market had a massive rip. This makes me concerned bulls could be vulnerable here in this area and that we may need to test lower 200s perhaps or lower but we will stay tuned and provide updates as we see them. Cleaner energy names are struggling today following PLUG's earnings report. Good luck traders
Lucid just saw a tremendous break of the very important 5 level and I believe it may persist given the economic backdrop and higher yields. We will keep a look out for a bottom, if there is one as the company is seeing tremendous financial pressure...
Crowdstrike saw an impressive break of 190 today and I suspect this action may continue. Good luck traders..
Looking for consumer discretionary to underperform here at least in the near term, we may end up oscillating around this area.
45 seems to be a major point of contention for Ceasar's but I fear the pain here may not be done and that we may probe below 40. Broader growth and discretionary stocks are also worrying me right now in the short term and CZR may underperform given the backdrop.
CVNA has had a nice rip from the October lows but I'm wondering if that will fizzle out on the prospect of small cap stocks and retail names pulling back. May be short term but we'll need to see how things play out.
This is a continuation of a thesis we had from higher but by the looks of it, 45 may still be difficult for bulls and we may probe the lower 40s and possibly lower. Expecting broader short term bearish behavior following this market push off the lows.
AirBnB showing signficant weakness vs the broader market and I'm not sure ABNB can make it out of this given the backdrop. Good luck traders!
NYSE:BILL is in an interesting position here, looking to see if a series of growth stocks may be falling here.
DraftKings has been hanging out around the 30 handle for months now but I think there's a chance it may be ready to break 30 and probe higher prices. We'll see how things play out, good luck traders!