SOHU has been showing terrific relative strength against a basket of other Chinese ADR's and the KWEB etf. Last quarter was a 400% earnings upside surprise, and technically speaking, you could look at this as a large cup and handle pattern trying to break to the up side. At symmetry here, could this be a tremendous value buy? Or will the CCP keep up the antics? Stay tuned!
The 120 level on ARKK continues to act as a very prominent level. What would you do? ARKK 120 features a prominent low volume node and now we have a chance to meet this level with the falling trendline that starts from the Feb high to the June 2021 lower high. Together these forces will meet and ultimately decision in the coming weeks. I'll let time tell me which...
As we look forward into the future we may continue to see Blackrock's influence grow from an asset management company into something far greater. With deep pockets and potentially blue skies for the market along with a rising rate environment, we'll see if $BLK can get it done in the weeks / months / years to come.
Could TEAM still have a lot further to run after some recent relative strength against the tech sector and huge earnings gap? If XLK continues it's accent, 400 definitely seems in the cards!
BYND recently cracked 120 and I'm curious to see if there's more to go from here. Appears to be a topping pattern on long and intermediate term charts. We'll see if BYND has what it takes or if it's beyond gone. FREE and TTCF have also been in the dog house
XBI (Nasdaq biotech ETF) losing more key levels today and with other health care names already pretty saturated to the upside, could that mean CLOV isn't done falling?
Promising biotech setup here, had a nice break of 70 recently and may be looking to go higher. Potentially risky if XBI rolls over but strong momentum here nonetheless. Good luck traders!
Soybeans and other agricultural commodities are beginning to show a lot of weakness as the inflation fears and bad weather begins to subside. Are we headed lower?
With rough retail numbers behind us, is there any room left for GME to run or will we continue the descent to ~110-100. We'll see!
With another massive earnings beat, the market continues to find value in this name that was getting beaten up long before COVID. Should be interesting to see if CPRI can continue to impress into holiday season and beyond. Q2 2021 Highlights Revenue increased 178%, with better than anticipated results across all three luxury houses Adjusted gross margin...
Guidance & Growth NRG is reaffirming its guidance range for 2021 with respect to Adjusted EBITDA, Adjusted Cash from Operations and Free Cash Flow before Growth Investments (FCFbG) which excludes the full year impact of Winter Storm Uri. NRG's FCFbG for the six months ended June 30, 2021 was $768 million. NRG has a very compelling value proposition, a...
Gold potentially forming a weekly triangle with a bearish bias. Major trend has continued lower since stimulus unveiling and may be headed even lower after we tag that level
Video game stocks are all pushing toward new lows, not taking part in recent strength in the markets. Will we witness more of a correction in the already beaten up video game stocks?
Fresh weekly setup here, could it be time for a breakout? Market is a bit saturated to the upside especially in tech but we'll see if $XRT has any more strength left to give
After months inflation and legal concerns surrounding electric cars, they've been raving up again as crude made yet another all time high this week. Will people be looking for an alternative to sky high prices? Inflation fears have been muted lately as the nasdaq and S&P broke to new all time highs as well. Time will tell if this small player can become a...
KR weekly chart appears to be pushing, showing some strength despite the recent weakness in inflation related names. KR seems to be the strongest of the BJ, GO family etc. however, COST and SFM ares showing some relative strength against broader indices such as XLP
SWBI posted a blowout earnings numbers sending the stock up 17%+ on Friday. POWW sits near the major inflection point at 8. I established a position lower and am looking to hold for some time to see if the long term charts can keep pushing. Risk being XRT potentially rolling over however turbulent markets may end up benefiting a stock like POWW
The Dow has been lagging on the recent rally and despite the parks moving to no mask mandate, $DIS is still having trouble. Will this trap shorts or will we see follow through to the downside?