Charts for Next Week
Going to run through the indexes, the large cap leaders, and then some up and coming growth names to keep an eye on. The Big Cap tech leaders start reporting earnings the week after next and they all look healthy and ready for a catalyst. A Nasdaq rebalance goes into effect the same week and we will just have to see if that creates any short-term price distortion. It seems like that may have already happened though and earnings are the key.
Many names have had strong short-term moves and may need a few days of consolidation, pullback, or backing and filling to set up proper new entries on the daily timeframe. Overall, things continue to look healthy to me.
QQQ Weekly- Continuing to trend higher breaking the 372 level this past week. 380 to 400 shows a lot of overlapping trade back to when we previously peaked. Big tech earnings should define how quickly we push through this but no reason to fight this trend.
SPX Cash-This roadmap has served us well. Since clearing 4200 our first target was 4600 and then 4800. Coming into 4600 with no negative signs yet.
IWM Weekly- Small caps started to come alive the last few weeks clearing this 4-5 week consolidation this past week. If we can take out this larger level at 200 over the next few weeks/months small caps could start a new uptrend.
MSFT-Five weeks of consolidation at all-time highs with earnings coming in a week. Held the 10 week last week and looks very good.
AAPL Weekly-Extremely strong and persistently trending higher since clearing the 158 level. Right on all-time highs and showing no signs of distribution.
GOOG Weekly-Clearing a descending channel last week and setting up to re-confirm higher out of this 7-8 week base.
TSLA Weekly-Since clearing the 50 week moving average (important moving average for this stock) and this large descending channel it has trended higher. Earnings are coming this week.
NVDA Weekly-Closing at an all-time weekly closing high this past week. Has consistently trended higher holding the daily 20EMA the entire run. No reason to doubt this stock as long as it is above that level.
SMCI Weekly-Closing at an all-time weekly closing high this past week on heavy volume. A go-to stock to watch on pullbacks.
ABNB Weekly- Weekly closing bar above the major 130 level have pointed out in the past. Strong bid all week this past week and think it should be a focus on dips/pullbacks. Looking for a move to this 190/200 trendline.
COIN Weekly-Clearing out of large inverse head and shoulders pattern on heavy volume. This looks like the start of a new uptrend to me and will be a focus on pullbacks to the 10/20 EMA (Daily) to buy/add the stock.
DDOG Weekly-Clearing out of this five week consolidation closing at a new 52 week high. Worth watching on pullbacks for continuation.
PLTR Weekly- Strong volume patterns off the lows and now in a five week consolidation. If/when it can push $17 looking for continuation.
UPST Weekly-Very strong volume patterns off the lows with reconfirmation through this big $40 level this past week. Worth watching for opportunities on pullbacks.
TOST-Strong move this past week with a light volume pullback on Friday. This is at a key level on the weekly though. It needs to push through and have a weekly close through that 2/3 weekly bar high. That level to me is $26.
U Weekly-Great volume patterns as it attempts to push through this big $45 level. We took it out but then had some profit taking Friday to close back below it. Looking for a move back through there to potentially ignite a new uptrend.
TMDX Weekly-All time weekly closing high. Worth watching on pullbacks. Do not chase strength on this stock as it can be very whippy.
ENVX Monthly-Earnings coming in a week and a half. With a positive response this could be one large double bottom base developing on the monthly chart.
AEHR Weekly-Buyable gap up on earnings Friday pushes this to an all-time closing high. Worth reviewing.
RIVN Weekly-Explosive move off the bottom. It still needs a higher low on the weekly to properly turn the weekly trend. I think any sort of tightening/rest here as the 5/10 week catch up will provide an opportunity. Notice for the first time the 10 Week is crossing up through the 20 Week.
INMD Weekly-Explosive move through the $40 level this past week after triggering a daily buy area at $36. Consolidating in tight fashion currently. Keeping a close eye on this to pullback or provide an opportunity as the 10/20EMA (Daily) catch up to price.
PCOR Weekly-Explosive move through the $68.50 level have highlighted in the past. Short term extended on the daily chart but think has started a new uptrend and should be watching for opportunities on pullbacks.
CFLT Weekly-In the 5th/6th week of a consolidation right around this weekly horizontal level. If we can definitively push through this $38 level it should start a new uptrend.
CELH Weekly-Three weeks of basing with the 10 week starting to come up underneath. Worth reviewing.
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