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!
Soybeans and other agg names look like they have the potential to stay up here causing issues for the Fed and the prospects of a rate hike.
FUBO has seen some consolidation around the key 2.5 area, we'll see if the Russell 2000 will give us enough room to make it to the upside. Yields also coming back down and if that continues we should see FUBO higher...good luck traders!
A little late on getting this one out but given the extended nature of growth stocks to the downside and this coming off the lows says that we may see 1.06 as a breakout for bulls in the Euro.
Expecting DoorDash to remain relatively heavy here at 75....WMT and COST performance today may be putting into question the DashMart business model. There's a heavy amount of open interest in Nov at the 65 strike and it makes me wonder if it could probe that far down. Good luck traders!
ROKU is seeing weakness at the 65 handle and it's worth making a note of. The stock hasn't bounced at all with the market and now seems highly susceptible to falling at that handle. We'll see how far that moves takes us and where we will want to take profit.
Rivian saw some call selling lead the biggest option sales and technically it seems like it's in bad shape. Not sure if growth stocks can support Rivian's costs and proxy plays like NASDAQ:LCID aren't looking much better...
AFRM has some concerning action here around the 20 handle and it's possible it may be too much to overcome. We'll stay tuned and find out.
CF had a monsterous candle through the 85 handle and I'm looking to see if it'll persistent. MOS may also be looking to push through 40. Best of luck traders
EOG Resources is seeing incredible resilience at 135 given the broader market. Recent energy names posted on here compliment this trade as we look to see if energy as a whole will probe higher.
Rapid7 has seen an incredible break of the trendline and the 50 handle. We are looking for this trend to continue off that 50 handle. We'll follow to stay-tuned. Good luck traders!
Looking at Spotify here for a potential head and shoulders-like reversal. I still think the communications sector needs to correct a bit before advancing so I think that could translate to NYSE:SPOT here.
Crude oil is seeing resilience in the face of selling and even bond yields. I expect the strength here to stay more resilient than the bond selling, leading to perhaps more of a pop if the bonds in fact bounce. We'll see who wins this tug-o-war...Good luck traders!
PANW has seen a breakout on the heels of geopolitical drama. Along with other strong tech names, we may see persistent between here and 250. Good luck traders
Comms, as previously stated in past posts, are of concern and unless the unemployment report tomorrow sends market's skyrocketing. I think we will struggle a little bit more, at least as we head into the earnings report along with broader financial names already covered here.
MS and broader financials have been struggling and I worry that may continue. The break of 80 today on Morgan Stanley seems concerning enough to note and track. We'll see if this continues.
We're looking at the potential of UBER struggling at 45