DominantX (@Dominantforceio) header
DominantX (@Dominantforceio) profile picture

DominantX - AI powered terminal for stocks & cryptos. Spot Pattern breakouts, confirm volume flow, act on high-confidence setups fast. https://xitter.gq/t.co/ifPiRxKueD

New York
Joined May 2015
Photo by DominantX (@Dominantforceio)Photo by DominantX (@Dominantforceio)Photo by DominantX (@Dominantforceio)Photo by DominantX (@Dominantforceio)Photo by DominantX (@Dominantforceio)Photo by DominantX (@Dominantforceio)Photo by DominantX (@Dominantforceio)Photo by DominantX (@Dominantforceio)
1. Pattern of the Day: Bull Flag A stock makes a strong move higher, then pauses in a tight, slightly downward-sloping consolidation while volume dries up. That pause often signals buyers catching their breath, not heading for the exits. The next leg higher typically begins when price breaks above the top of the flag on increasing volume. Here's a recent example on $SYNA Not financial advice.
2
3
179
Market is showing strong momentum as it gaps to the upside after post election, making this week's close especially important. $SPY is gapping up, and for this move to remain healthy, we'd like to see a few follow-through sessions and eventually a constructive retest of the gap left behind. Holding that gap would provide a solid foundation for further upside continuation.
30
$QQQ and $SMH both look weak and closed below their 200-day moving averages yesterday. They need to reclaim those levels quickly otherwise market could face more downside pressure in the near term. $SPY is still holding up, because money rotated into the healthcare and energy sectors. Oil and gas have started to pull back, but healthcare remains relatively strong. If healthcare starts to weaken as well, SPY could eventually test its 200-day MA
1
1
108
Tech got hit hard Friday, but big biotech didn't care. $REGN ripped over 13% and $EXEL, $VRTX, $GILD and $LLY all closed green with it.
1
80
$AAPL and $PLTR earnings tonight. Market is gapping up at the open, but the move already appears to be fading. Price action is not convincing enough to suggest that a short-term bottom is in place,
34
Tech Stocks in Bear Market Territory: 1. AppLovin, $APP: -68% 2. Coinbase, $COIN: -62% 3. CoreWeave, $CRWV: -60% 4. Arm Holdings, $ARM: -55% 5. Western Digital, $WDC: -54% 6. Intel, $INTC: -54% 7. Oracle, $ORCL: -51% 8. SanDisk, $SNDK: -49% 9. Circle, $CRCL: -48% 10. ServiceNow, $NOW: -44% 11. Robinhood, $HOOD: -44% 12. Seagate, $STX: -42% 13. Marvell Technology, $MRVL: -39% 14. Super Micro Computer, $SMCI: -39% 15. Broadcom, $AVGO: -34% 16. Alphabet, $GOOGL: -31% 17. Adobe, $ADBE: -29% 18. Micron, $MU: -29% 19. IBM, $IBM: -23% 20. Meta, $META: -21% 21. Amazon, $AMZN: -21% The Nasdaq 100 is now down nearly -$5 trillion since October 6th.
344
1,104
269
7,808
1,010,421
$SHOP earnings on Nov. 5. Bull flag developing as price action continues to tighten. Watching for an upside breakout if momentum follows through. Not financial advice.
17
$ESTC (Elastic.io) is another cyber name setting up for a potential move. Strong exposure to Security, Observability, Search, and AI. Not financial advice
37
Cybersecurity is where the money went today, and the edge cloud names came right along with it. $SAIL and $NET are the two I'm watching closely. not financial advice
37
$QLYS continues to show relative strength in the cybersecurity space. Cyber remains a leader in tech, and growing AI adoption is increasing the need for security solutions as threats continue to evolve. Not financial advice.
27
$EL (Estee Lauder) continues to show relative strength compared to peers in the consumer defensive sector. Watching to see if momentum can continue. Earnings on Nov 2nd. Not financial advice.
23
$DASH forming a symmetrical triangle after a sharp selloff. This consolidation shows weakness and could lead to a lower low if support breaks. Not financial advice.
1
120
46
369
113
1,203
400,447
5. Pattern of the day: Cup and Handle Price forms a rounded, U-shaped base, rallies back toward the prior high, and then pulls back slightly. This brief consolidation forms the handle, which often precedes a breakout move. $GCT broke out of the handle on October 7 and has continued moving higher since.
1
1
47
6. Pattern of the day: Ascending Triangle A flat resistance line across the highs and a rising trendline beneath the lows. Sellers continue to defend the same ceiling, but each pullback is bought at a higher level, creating pressure against resistance. Confirmation comes with a strong close above the flat resistance level on increased volume. The pattern is invalidated if price closes below the rising trendline. $AAPL is showing this setup right now, with price pressing against the 347 resistance area. Not financial advice.
1
11
$ELF beauty continues to perform well in this risk-off environment, showing notable relative strength while much of the market remains under pressure.
1
28
$QQQ lost its trendline from the summer lows and is hovering around 719, with the MACD crossing below the zero line. A move towards next support level at 700 looks increasingly likely. The market is signaling risk-off, and so am I. not financial advice
1
2
65
$QRVO - is showing strong relative strength in the current market, making it a semiconductor name worth watching. Not financial advice.
1
53