Weekly chart looks bullish for Kohls KSS. Notes on chart. Market permitting!
Just an observation on the real estate ETF while I was reading up on the US mortgage debt and its connection to real estate stocks. Intriguing as I learn more this. IYR is in an very interesting spot. Apparently, the current mortgage debt levels are similar to levels leading up to the 2008 crash. fred.stlouisfed.org
Possible Double top confirmation on weekly chart if 150 level breaks. This could be bad for bull trend. There will be a fight over this level I presume!
SPX is weak after bearish engulfing candle today. Rising wedge breakdown still in play. Notes on chart.
Short below horizontal support break around 229. Already below 200D. Bearish target is around 205 (Feb low).
OIL Play. COP broke out of coil recently on daily chart. Break of horizontal resistance around 58 ish can get this up to 62 (based on depth of W pattern). Notes on chart.
THC Long Idea Has been on many people's radar since last year and this Jan. Nice cup pattern in weekly chart.
Short below 319. If gaps down, wait for retest on a moving average or 319 level. Target based on height of the inverted cup is ~270 (also 200 day MA is around that level). But 300 is good support below. Initial target is 300, if that doesnt hold, 270 next.