Continued Great Action
SPX CASH-Closed right on the big 4100 level. Taking this out would be a major statement by the bulls to establish a new upside range.
QQQ Weekly- Following through out of the consolidation. Looks good for higher prices. Next resistance level is 330 area.
NASI- Confirming over the 10EMA with RSI setting to turn back neutral. Good sign of improving breath and health coming into the market.
ARKK-This takes out 40.50 and then 41 area next week will be a great sign. Looks to be setting up to push higher.
MSFT- Following through on great volume. Looking good for higher prices.
AAPL-Strong follow through higher on big volume. Looks good.
NVDA-Following through and closing at new highs. Looks good.
TSLA-Following through and breaking out through the whole number. Deliveries number Sunday night. I am holding in so we will see what happens. Stops to Fridays low.
NFLX-Strong follow through. Trending higher. Should hold above 50SMA.
AI-Following through to a new relative high breakout on massive volume. Looks really good. Buy right, sit tight.
ONON-Bull pennant pattern. Looking for volume through this $31.50 to $32 area.
PATH-Strong follow through. Stops up to Thursday/Friday low. If can tighten up under $18 might give an additional buy area.
PATH 65 Min-See if can hold this bull flag going into next week. Trending higher as of now.
GLBE Weekly-Pushed through the 31 level. 34.82 pivot next level to attack.
GLBE 65 Min-Explosive move right off the open after bull flagging into the 65 min moving averages. Looks to be resting before heading higher.
DKNG Weekly- Nice clean pattern. Through $21.50 is where this can really get interesting.
DKNG-Following through after resting Thursday. 5/10 day starting to curl up more and should protect this on dips.
IOT-Slow but continuing to work up. Confirmed 20.25 as a key level. Take that out and next spot will be 21.50. Would like to hold above 19 area as that is the weekly high we closed above this past week.
ENVX-Volume continuing to pour into this stock. Feels like something very interesting going on with this stock and it deserves attention.
ABNB-Following through after Thursday’s breakout. 125.50/126 area is the next hurdle into 130. 10 day pushed through 20 day so want that to protect the breakout on any pullback.
RBLX-Clearing this little pennant/trendline on Friday and also clearing/closing at next resistance. If takes out 45.50 feels like going to push out of this weekly cup n handle.
SPOT- Pushed through 131 and looks good to continue higher.
MAXN-Squatting on the pivot. If doesn’t get going next week there might be better opportunities. The weekly looks great if can extend through this 26.60 area.
LNTH-Clearing the 82 level and closing well. Looks to be setting for a run at new highs.
LULU-Started turning up on the 65 Min Friday afternoon. Worth watching for follow through out of this post-EPS bull flag.
SNOW- This wouldn’t go lower on the 135 HVC so thought it might have bottomed BUT it really kicked into gear Friday. Still plenty of near term resistance but going to pay close attention to SNOW as it works up to this $180 area.
FND-Nice to see this follow through higher. Nice clean base.
PANW-Broke out of the flag. Looks good for higher prices clearing this big weekly level.
SMH Weekly- Pushing out of this pattern and looks good as an entire sector.
XHB-Homebuilders breaking out of this descending channel Friday. Good look for higher prices.
XLF-A laggard sector with lots of bad news yet building a mini-base into the 20EMA. This could very easily reject price but if we take it out will be a good sign that one of the weakest sectors is setting up for higher prices.
XRT-Retail a failed breakdown and now a Wedge Pop through the 20EMA. Looks setup for higher prices.
TLT Weekly-Bonds look to have bottomed and are building a head and shoulders continuation pattern with a neckline at 110.