One thing I continue to see throughout the markets is how names are topping on good news and bottoming on bad news
Earnings, macro events, quarterly cycles, rate hikes, etc
Obviously, not a new concept but wanted to reiterate what is often too good to be true usually is & what seems like the end of the world usually is not
$MU $STRL $RKT $AEO
Broad Market Update:
$SPY $QQQ
$SPY: Watching tomorrow to see if the 200 SMA around 730 can hold. A close below the 716.58 would be a heavy risk off signal in my eyes
$QQQ: Price sliced through the 200 SMA + 661.14 pivot low. Price did a very similar thing at the end of May before reversing higher
Broad Market Update:
$SPY $QQQ $SPMO $SOXX
$SPY: Pretty brutal candle today, rejected the now declining 9/21 EMA cloud. A break below Friday's low would likely lead to the 200 SMA around 730
$QQQ: Price re-testing the 200 SMA. Would not be surprised to see an undercut here. Main level to watch is if the pivot low at 661.14 holds
$SPMO: Price breaking down below the 200 SMA + S/R zone. Momentum really getting knocked lately
$SOXX: Price beginning to break down below the 200 SMA + Nov. '25 AVWAP. Long way to go below if this truly decides to break down
Overall, very weak look across the markets. Charts have lots of work to do to re-claim structure. Perhaps end of midterms + positive earnings this week could be a start
Mr. Munger never fails
High quality names at 200 WMA
New ATH on $MSFT today
$MSFT Microsoft Corp. Weekly 💻
This is approaching must add territory in my eyes on any longer-term portfolio you have:
- Approaching key 350 - 365 S/R zone
- Oct. '22 low AVWAP
- 200 SMA
- RSI is very oversold (Not pictured)
Mr. Munger said it himself..
Nice continuation today on $SPOT, +4% 🟢
Initial target is the 668.50 pivot high above
$SPOT Spotify Tech. Daily 🎵
This name remains one of my current favorites in the markets
First posted around 1.5 months ago of this name showing strength on my radar
Following the PEG candle, price flagged back to the base and now made a new pivot high
Volume / buyers stepping in where needed
Showing incredible relative strength to $XLC which is down around 10% in the last 2.5 weeks
$GOOG $META $NFLX $RDDT $APP all falling off a cliff lately, yet this name holding up / breaking out
Have to believe this name could be an emerging leader / continue to breakout if $XLC has bottomed
$IBM IBM Corp. Daily 🖥️
First time posting about this name in a while as the price action post earnings has my attention
Re-claimed the 200 SMA on strong volume and now flagging on it within the larger base
Gap fill above at 289.10
Price needs to hold the 200 SMA for me to have interest
In an environment where names with strong FCF are being rewarded, this name has 3.69B
$TSLA Tesla Inc. Daily 🚗
Nice flag forming here as price re-claimed the 200 SMA / broke out of the mini base
Strong volume on breakout / following earnings
I think this name could get run as a potential SpaceX merger looms large
These moves can often last longer and be more irrational than you could think
More of a momentum play than previously posted $SPOT or $SOFI
$TSLA Tesla Inc. Daily 🚗
Price showing signs of life + re-claimed the 200 SMA on strong volume
Nice look going forward
$SOFI SoFi Tech Inc. Daily 🏧
This is a 9+ month base that continues to coil
I really like the high volume PEG candle / mini flag price is currently forming
This name is high on my radar, but I still need to see price re-claim the 200 SMA
In an earnings season where many names are getting solid on double beats, this name gapped up 10%
64% EPS Growth Q/Q
42% Sales Growth Q/Q
65% Gross Margin / 12% Net Margin
9 consecutive quarters of record net revenue
Fundamental data via @finviz_com
$SOFI SoFi Tech Inc. Daily 🏧
Base continues to form, however price is still below the 200 SMA
I am watching to see if this one can re-gain momentum following the strong report today and re-claim the 200 SMA above
$SPOT Spotify Tech. Daily 🎵
This name remains one of my current favorites in the markets
First posted around 1.5 months ago of this name showing strength on my radar
Following the PEG candle, price flagged back to the base and now made a new pivot high
Volume / buyers stepping in where needed
Showing incredible relative strength to $XLC which is down around 10% in the last 2.5 weeks
$GOOG $META $NFLX $RDDT $APP all falling off a cliff lately, yet this name holding up / breaking out
Have to believe this name could be an emerging leader / continue to breakout if $XLC has bottomed
Broad Market Update:
$SPY $QQQ $SPMO $SOXX
$SPY: Pretty brutal candle today, rejected the now declining 9/21 EMA cloud. A break below Friday's low would likely lead to the 200 SMA around 730
$QQQ: Price re-testing the 200 SMA. Would not be surprised to see an undercut here. Main level to watch is if the pivot low at 661.14 holds
$SPMO: Price breaking down below the 200 SMA + S/R zone. Momentum really getting knocked lately
$SOXX: Price beginning to break down below the 200 SMA + Nov. '25 AVWAP. Long way to go below if this truly decides to break down
Overall, very weak look across the markets. Charts have lots of work to do to re-claim structure. Perhaps end of midterms + positive earnings this week could be a start
$SOXX $ALAB
$SOXX: Price continues to find a bid off the 200 SMA. Initial test coming up off the declining 9/21 EMA cloud
$ALAB: Very similar look as $SOXX, a former market leader that I am watching to gauge overall semi strength
One of the only charts you need right now is to watch $SOXX
Price currently holding key 200 SMA + AVWAP
If $SOXX begins to break down under the 200 SMA, I would tend to believe many of these semi names are entering "Stage 4"
Notably, pretty much all semi equipment names are already below the 200 SMA and look poor
$LRCX $AMAT $KLAC $TER $Q $ONTO $AMKR
It is currently some of the blue chip semi names holding up $SOXX + above their 200 SMA
$NVDA $TSM $MU $AMD $INTC $ALAB
I will be watching closely
$HOOD Robinhood Markets Inc. Daily 💳
Price will be gapping down into the 85 - 95 S/R zone following earnings today
Bulls need hold the S/R zone as a close below the July 31 pivot low at 83.68 would not be a good look
$HOOD Robinhood Markets Inc. Daily 💳
Price continues to trade right at the 200 SMA + March 30 AVWAP
ER next week
$SOFI SoFi Tech Inc. Daily 🏧
Base continues to form, however price is still below the 200 SMA
I am watching to see if this one can re-gain momentum following the strong report today and re-claim the 200 SMA above
$SOFI SoFi Tech Inc. Daily 🏧
This continues to be a name I am watching as the basing structure + fundamentals are strong
High vol hammer candle on Thursday has my attention, but overall I still want to see a re-claim of the 200 SMA




































