theguinnessinvestor

theguinnessinvestor

Financials look strong. Watching for a potential breakout from the stronger banks (GS, JPM) as XLF tests the 200. The market cannot recover without financials and tech has gotten love for too long. Let's see what happens.

theguinnessinvestor

UNH worth a watch these upcoming weeks. Holding above all notable AVWAPS. It's been consolidating for months; can see a big move on a breakout. Price action is getting tight, and the 50dma has caught up to the nearest avwap as support. Fundamentally undervalued with consensus analyst targets ranging the mid to high $300's. Watching for a clean break over $311.86

theguinnessinvestor

BABA has been holding above all notable AVWAPS. It is currently looking to test ATH on strong momentum before ER. A push above resistance at our 1.618 extension can drive a breakout for BABA.

theguinnessinvestor

Bulls have a duty, and that's to push TGT past $126. The volume profile becomes extensively low and it is easy to assume a further breakout by TGT. AVWAPs are holding as support and buying momentum has been strong. PT is $130, followed into $140. I am long TGT.

theguinnessinvestor

ROKU, looking ready to breakout. Cleared AVWAP resistance, currently consolidating in supply zone. ER coming up soon, could break the upward resistance it has been facing for a few days now. Will be watching ROKU for a breakout and I'm currently long positions. Break out of $160, targeted PT is $176.

theguinnessinvestor

NVDA looking for a breakout as it gets ready to test ATHs. Currently bullishly chopping through a supply zone, vwaps & fib levels have created a new strong base of support on NVDA. Holding strong above AVWAPS with FAANG carrying tech up, NVDA looks ready to break through. $450 PT.

theguinnessinvestor

$ZI, relatively new IPO. Looks like it might see a break to the upside. Recent call activity shares the sentiment. Potential long setup here.

theguinnessinvestor

LULU longs fought hard to take out that 325 level, and their award is a new base of support. As LULU consolidates over 325, it could possibly see a strong upward move to confluency at 350. The moving averages are in consensus for an upside move. Fundamentally, LULU is undervalued at current prices, with new analyst price targets showing a $355 estimate. Bulls...

theguinnessinvestor

Reclaimed uptrend, holding above critical moving averages. Indicators are showing a reversal.

theguinnessinvestor

IH&S on the daily with a neckline break that could send Z to ATHs. Historically, Z has been held down from a level of incredibly strong resistance. DMA's have caught up and new accumulation creating a new base of support as well as reversal in the indicators could push Z up. Next strong level of confluency is at 80, which I hold as my next PT for Z on a break of...

theguinnessinvestor

Regardless of the recent downgrade by CL King from buy to neutral, CROX is still holding its channel. The recent drop allowed the 20dma to catch up, bringing in a new level of support for CROX. Furthermore, seasonal earnings on 07/30 should help generate hype around the ticker and bring in new investors. Going into the next few days, the 100dma looks ready to...

theguinnessinvestor

JNJ is looking healthy to push higher. The 8dma/50dma crossed today, a historically good sign for JNJ. There seems to be an IH&S forming on the daily, with JNJ nearing neckline level at 150. The MACD is beginning to converge quickly as well. With the recent ER beat, looks good to make new highs.

theguinnessinvestor

Kroger might be setting up for a good long here. Ascending triangle on the daily, with the RSI and CCI fighting to make new relative highs. The recent low volume indicates accumulation. Break of relative highs at 34.5 can send KR on a near-term flight to 39.

theguinnessinvestor

Seasonal earnings on 07/30 should help generate hype around CROX. Despite recent market weakness, it's holding its channel well with an imminent golden cross as the 50dma looks to cross the 200dma. Holding its uptrend, lets see if it can break relative highs that have acted as resistance in the past.

theguinnessinvestor

Wayfair is showing a possible bearish rising wedge forming on the daily. Watch for a retest of the lower trendline. It's important for W to stay under confluence at 1.618 near 231 for the pattern to hold. Any clean break above 231 or higher will negate the short-setup and lead to a bigger bull setup. Only entering a short position once the lower trendline is...

theguinnessinvestor

Most of us have been watching AMD forever, so you might recognize how range bound it has been the past two months. Yesterday, AMD got large volume confirmation on a nice move up and the indicators are showing some of the strongest buying pressure AMD has ever had since the pandemic. Semis are very strong with NVDA carrying SMH up. With positive div. on the...

theguinnessinvestor

Had a nice run yesterday and formed a complex IH&S with a 20 neckline. Notice the bullish divergence on the indicators from the last time we reached this level - we've made a new high. A break of 20 could send SPCE on a potential path to 28. First stop is 22.

theguinnessinvestor

About to fill a nice pretty gap and the CCI is showing bullish divergence on the daily. Volume confirms the move as well. Look for bigger volume today and a clean close over 35 to confirm the move. Confluence near the 38.00 level on retracements as well - strong magnet for WORK if it enters the gap.