Short Squeeze stocks finally ended their epic rally! Could High beta stocks be signaling a turn in the market?
Nat Gas saw a decent 4% decline today. It made a lower high in the trend which leaves it vulnerable. Oil hitting resistance and turning negative.
25 Hours of Upside wiped out in 2 hours. Bearish engulfing candles everywhere. Yields Falling / Dollar rallying!
Nat Gas has had a nice move off the lows. its now into resistance and needs to hold a range before making the next move.
Bitcoin has put in a nice reversal off support! Its tapped this same support level twice & held. Some BitcoinDominance is being observed.
SPY +0.56% / QQQ +0.43% / IWM +0.04% Another rally with most sectors selling off! 7 Negatvie 4 Positive Tech valuation saturation continues.
The IWM & S&P500 is completely gone vertical; off the lowering of yields. Its like the fed Pivoted today, but really they didnt. Is this a Fomo rally or is the market fundamentals now turned Bullish? Bull Steepener vs Bear Steepener?
XLK 23 year trendline is still in tact... We may get 1 more blowoff move before seeing lower price action. Until we get a weekly close above that level we have to respcet the resistance!
Nat Gas inventories today showed higher consumption, Hitting technical support and oversold on daily RSI. Oil gained 0.5% but it was a weak bounce considering the Dollar was weak.
The feds Balance sheet reduced from $7.96 Trillion to $7.73 Trillion This is the largest reduction in the balance sheet since September 1st 2023.
Coinbase looks to be finally running out of steam. its almost turned negative today when BTC is making new highs up 4%. Time to sell with this Higher high rejection candle.
A dash for trash has been observed! Many participants are tryging to buy to and squeeze companies that have been beaten down and fundamentally weak.
tesla has been coiling. It has not retraced to the breakout zone. Many participants are bullish and trying to chase a breakout
Apple, MSFT, NVDA, Google, AMZN, Meta, Tesla All are showing bearish trend changes. Will Mega caps take down the market?
Gold made a brief New All time high before getting smashed down. This is the largest Daily Bearish engulfing candle gold has ever had.
Oil Looking very weak! Natural GAs is almost ready to accumulate on the long side. XLE putting in bearish consolidation!
Microsoft needs MMT to move higher from here. Microsoft is historically extremely expensive with this valuation. Into massive weekly resistance, MSFT has now retraced back to the breakdown zone while hitting ATH's
Microsoft saw a big green to red reversal today on heavy volume at the All time highs of the chart. If this bell weather name is finally done trending higher it sure to weigh in on the indices even with the slightest pullback.