INTC has been moving on news that NVDA is interested in using their foundry. Also, unusual options activity was picked up on INTC $56 calls exp 04/14. Massive bull flag on the daily time frame. Our bots are picking up unusual options activity on FLEX $19c 10/21. Possibly an earnings play since ER is n May 4th. We have a double bottom near $30 on SNAP....
$NOV is a leading company in the oil and gas drilling equipment and as we all know the US must start ramping up oil and gas production in order to relieve some of the pressure we see at the pump. The market might start pricing in some government funding towards oil drilling which requires heavy equipment. $NOV has broken out of the range created since March 2020...
SLB 2H I Bull flag on SLB. It develops technology and systems for drilling, production and processing oil and gas. Bullish activity picked up on SLB $45c 04/14 @ $0.63. GIS 1D I Bull flag on the daily and MACD going bullish as well. Above average volume coming on the past few days. Keep on watch given recent supply chain issues. CHWY 1D I We have a double bottom...
Kraft Heinz reported earnings recently and raised guidance. The multinational foods giant increased its long-term growth targets for organic net sales to between 2% and 3%, from 1% to 2% previously. It also raised the long-term adjusted earnings per share growth target to 6% to 8%, from 4% to 6% previously. Kraft Heinz falls under the consumer staple category...
MSFT 1D I We have a possible head and shoulder pattern in formation on the daily chart for MSFT. The neckline is near $280, a break below can take us to $260. BA 1D I Just as we expected we saw BA retrace to our $205-$210 support level. Overall, it is showing strength relative to the market, indicating the bull flag might break. BABA 4H I Currently down more...
SPY 2H I We had a double top on SPY last week and a breakdown from an uptrend. Watching for a break below Friday's low and a full given market weakness. BA 1D I We have a massive bull flag on the BA daily and hourly chart, which has been playing out since March of 2021. Watching for a lower high between $205-$210. DKNG 2H I We have an ascending triangle on...
Overall market weakness and real life events such as trucker protests and more can lead to downside trade set ups. In this case, despite $UPS's strong earnings, most of that move has been given back. With sentiment shifting towards energy, banks and other defensive stocks. Money is coming out of these, otherwise fundamentally strong, businesses. $FDX has a...
Bitcoin has given us a a 40% rally from the lows in this most recent correction. Market structure has shifted bullish by giving us a higher high. We have not yet been given confirmation with a higher low. It has formed a daily SFP (Swing Failure Pattern) by wicking above previous structure and closing below as a bearish hammer. This is a perfect opportunity to...
With the Federal Reserve announcing rate hikes starting in March, financials should prosper. Higher interest rates ($TNX) means that it costs more to borrow money which is a bullish sign for banks. The economy is also not showing any signs of slowing down, commodities continue to move higher and job reports signal a strong economy. This can be translated to...
The Energy sector has shown incredible strength during the market selloff as investors seek dividend paying stocks in a stage where rate hikes are inevitable. Historical data shows that energy sector outperforms in an economy with raising rates and this time is no different. With EPS around the corner for $XLE biggest holdings ($XOM, $CVX and $OXY), best case...
RBLX 4H I RBLX will be reporting earnings on 02/15. Taking RBLX $70c 02/11 on a breakout from $65. We can also wait on RBLX to report earnings before jumping on it. U 1W I Held the weekly trend line we highlighted last week and moved up 17% after reporting earnings. Watching for a break above $112 with volume this week. ROKU 1D I We are spotting a bullish...
MSFT 2H I MSFT is breaking from a downtrend on the 2H time frame. Held the $295 level after reporting earnings. Resistance near $315 and support near $300. U 1W I U on the weekly chart is bouncing at its trend line coming from last year. It will report earnings on 02/03 and we'll know if MMs approve of it and if the trend holds. TWTR 4H I TWTR is forming and...
NVDA 30M I Watching NVDA for a possible relief bounce near $230, after selling more than 30% from ATH. A break below this level and it could see $220 next. CRWD 1H I Significant bullish activity was picked up on CRWD betting on a bounce to $170 this week. Watching for a break above $165 or pre-market high. ABNB 2H I ABNB is trading within a wedge pattern on the...
UPS 4H I UPS possible ascending triangle. Seems to be testing the bottom of the pattern we can attempt to catch the bottom on this name with a tight stock below $206. BA 1H I The breakout we wanted above $219 happened last week. BA can hit $230 resistance this week before pulling back as earnings approach on 01/26. DIS 2H I Strong bounce on DIS at the bottom of...
RBLX 30M I RBLX is trading within a bull flag and so far its making a higher low on the 30M time frame. On watch on a breakout from our current downtrend pattern. BA 1H I BA made near a $15 move from our watchlist entry last week. Watching for a break out above $219 with volume, or a bounce at the support line of our channel. NFLX 2H I Picked up unusual options...
AAPL 1H I AAPL was rejected once again near $180. It might be forming an ascending triangle. Watching for a bounce near our trend or near our support level at $176. BA 30M I BA seems to be consolidating right above $200. Picked up unusual activity on Friday. Watching for a bounce near the $200 level or a breakout from the current pattern. SE 1H I SE is down...
FB 4H I FB made a double bottom near $305 and is now testing our trend. Watching for a breakout above our downtrend, we have resistance near $350. AFRM 2H I Picked up activity on AFRM $110c for 12/31. Watching for a break of Friday's high and retest of our downtrend on the hourly time frame. SE 2H I SE is down nearly 40% from recent highs. Expecting a breakout...
$KDA is a crypto currency that is currently traded via Kucoin app. Bullish setup; Cup & Handle formed with MacD indicating a bullish breakout with the neckline at 12.45. All time high for this currency is 28.30 which was a blow off top which led to a retracement of over 50% from the top. Crypto currency is highly volatile so we do not recommend over...