STLD big compression here also earnings out of the way big resistance around 135 over 135 is easyyyy
RIO in a symmetric triangle since 2022, compression in progress There is a long way to go; can play the range in the meantime COPPER is oversold; any rebound in it can help also
CAT bounced after retesting the trendline... can we see continuation???
NASDAQ:MRNA confluence of MSs horizontal support and diagonal support, with multiple bounces in history... tight R:R I'm going to look for an entry to go long here
WFC inside day inside week close to multi-year all-time highs looking good here for long with caution
AMEX:XLP is at a major location where it has had quite a few fake breakouts on weekly this time , however it has consolidated for quite a few weeks below that level...so might have power to hold... staple names also reporting and should benefit from the lower inflation numbers (margins will improve) defensive sector, can compliment the XLV also
AMEX:XLV had a breakout this week and looks to have successfully retested the breakout and bounced today (July 19, 2024) Many names in the sector are reporting in the next few weeks and are expected to post good numbers and improved guidance can see new ATH in the next few weeks IMO good RR with stop on daily close below 146
NYSE:ABBV coming into some major support here: A descending TL from ATH that was resistance before 2 year volume shelf starting at 155 200SMA on daily waiting to see how it reacts * long above 160 & hold on daily * not willing to short it key points: * Humira sales declining further as more competition mounts * Other drug sales increase compensating...
NASDAQ:SBUX Looking to long here... ER this week Stop on weekly close below 84 Weekly target is top of the descend TL Things to note: coffee prices are going up, might affect margins
NYSE:AA Building a bull flag... 4 weeks of consolidation... above good support stop on daily close below 34 profit target is 40, which is a volume shelf
NYSE:AA has been accumulating here... I am looking for leap 40C for 2026 targets are 38 and 40
NASDAQ:COIN cup and handle long... BTC hype is a positive SEC lawsuit negative overall still like the chart here
NASDAQ:GOOG getting tight here, just under ATH, I am long here to see if it breaks that level
Can long NASDAQ:TLT here...with a 0.50 cents SL per share Hourly shows SMA support at 93.85 Daily shows SMA support at 94.25
ABBV looks like it is bull flagging. Calls for June look good, cover ER with stop on daily close below 176