Growth company Intuit may get an oversold bounce here around the 500-510 area. The extent of it however remains to be seen
TTGT has seen a bit of a slide since it's peak in October of 2021. It's possible that growth stocks broadly will be pulled down and this one seems like one of the weakest.
Were looking for DIA to continue it's outperformance over IWM here. Fed signifying tighter policy for longer is likely to keep bearish pressure on the growth stocks that represent the IWM index. Good luck traders
Spot gold and GDX are both showing reasonable strength today I'm wondering if they can keep it going at all. NEM and WPM both seem like they're trying to pull off a reversal so it's possible at least something can be gained here.
Saw a big move through GLD 180 and GDX 30 today, with metals like steel ( AMEX:SLX ) potentially not far behind. Some of this correlates to persistent inflation in the market so heads up. Recently we posted about the possibility of NYSE:CF continuing through the 85 handle. If AMEX:XLB can get a bounce of 80 all the better. Good luck traders!
Looking to see if AUD outperforms JPY here following a strong break of 95.
RBLX may see lower following the 27.5 handle being lost. It's hard to see bulls digging themselves out of this.
Concerned about the action on SNOW here along with multiple other growth tech names. As it stands right now, I have doubts as to whether bulls will be able to weather a potential storm. Rate hikes may still be quite a distance off considering oil prices which may continue to put pressure on growth stocks in general. ARKK can be followed as a proxy.
NYSE:NET has seen a vicious break through 60 and growth tech in general is having it's struggles. I suspect there may be further to fall here following this dip.
90 seems like it's getting left behind and there are multiple China names that could be struggling like VIPS. We'll keep an eye on this one to see if it heads lower over time.
NASDAQ:KC breaking through a triangle here and seems a bit heavy at 5, stay tuned to see if bulls can save this thing or if we head lower on the heels of news of a second reserve cut within China in a year.
KRE has been showing some relative weakness recently especially off the 45 handle. Thee list of weak regional stocks. EWBC, PNFP, FHB, BPOP and more are looking weak so we'll see if this weakness continues. Best of luck traders..
ZI has been oscillating around this 17.5 level for a little bit now but it may be finally ready to move a little lower
AMZN strongest name in discretionary recently and impressive outeprformance here as it makes new highs off the 140 handle, I'll be watching to see if there's any continuation here.
GTLB and TWLO have both been strong recently in the programming space. ARKK may be trying to get a short term bounce as well.
We'll see if DKNG can remain consistent off 30 and provide any meaningful lift heading into the NFL season.
CVNA seems like one to watch around the 50 handle, looking at the 55 level first
Strong momentum here from NYSE:XPO showing a lot of resilience into a market on a slump