Fox_Technicals

Fox_Technicals

Tech sector ETF AMEX:XLK is showing incredible resilience following TSM earnings which is currently leading the market. I believe over the intermediate term we will see AMEX:XLK push to new highs especially with NASDAQ:AAPL trying to carve out a bottom. The green line below is from the previous trade we made which was a success and is provided in the links...

Fox_Technicals

Were looking at the strength of Datadog and wondering if now might be a good time to accumulate longs in this 125 range while we have a chance...

Fox_Technicals

AMD is showing incredible resilence over the majority of it's peers and the SMH index. Currently this and NVDA are the preferred semi conductor companies and should be followed closely here as there's some chance that this continues to move to the upside off 160...

Fox_Technicals

We're currently looking to see if Ethereum is a resonably buy in the 2500 range. Currently, this risk asset looks to be preferred over both Bitcoin and USD. Can the run continue? We'll have to wait and find out.

Fox_Technicals

AMEX:URA showing promise here at 30 and we could be looking at a turn around in price soon. Growth stocks may need to find their footing and dollar may need to soften a bit but for now, this seems like a decent spot for longs. Best of luck traders.. The green line at 27.5 was where our previous trade occured for a nice little run and is linked to this post.

Fox_Technicals

Salesforce has been showing a lot of strength lately and could be poisted to move even higher off this 270 handle. We may need to see more weakness out of the dollar so may need to stay patient. However, we currently believe this may be one of the leaders should equities continue higher over the long run.

Fox_Technicals

Shopify seems poised for more upside following this break of 80. We'll be watching to see if we get more follow through

Fox_Technicals Updated 

Despite it's this run so far, it is possible we see crypto names continue to move higher as a potential Ethereum and Bitcoin breakout could be on the horizon.

Fox_Technicals

Crypto is still showing strength here and I'm curious to see if it's proxies like RIOT, HUT and MARA will continue their run as well.

Fox_Technicals

We're looking at emerging markets here for a possible intermediate term pop above the 40 handle possibly into 41. China will need to stop going down and KWEB will need to hold 25 but we'll see. Good look traders!

Fox_Technicals

We're seeing a greater than 50% chance that the Fed starts cutting in March and I'm starting to wonder if we may need to start getting positioned for a possible probing higher as we look to see how many bulls are interested in gold considering the dollar's weakness.

Fox_Technicals Updated 

XLK bulls are showing incredible resilience at 185 and it looks like the buying could continue here. XLY also showing promise which means the market as a whole may continue to be resilient.

Fox_Technicals Updated 

Qualcomm is showing some incredible resilience off the lows and I'm curious to see if it could lead the semi sector on a potential move up. Were going to look to see if bulls can bid up this area.

Fox_Technicals

Looking at the Dow Jones Industrial Average vs Russell 2000 I believe we are looking at potential strength from the later. Growth stocks continue to stay buoyant.

Fox_Technicals Updated 

XLE is seeing tremendous underperformance vs broader inflation products and growth equities and I believe that it may see lower prices soon. 85 seems to be a major point of contentious for the market and stocks like CVX, XOM and COP aren't doing bulls any favors. We'll see what this one has in store for us...

Fox_Technicals

Crude and XLE are in a precarious position and could be on the verge of seeing lower prices. I suspect any pullbacks in the market may cause the energy sector to be a major laggard to the downside. Good luck traders!

Fox_Technicals Updated 

We're looking at the US 30yr bond futures for a potential move higher through the 115 handle. The way bulls have chewed it up this level so far which is promising, market may support a bond rally as dollar keeps moving down

Fox_Technicals Updated 

We show cased an hourly trade here that took longer than expected to play out. This is a post showcasing the potential for IWM to keep moving but still looking for the long positions to continue to be a hold. I believe rate expectations might give bulls a bit of something to chew on. Growth sectors like KRE, ARKK and XRT are looking good as well...