NYSE:MDT is breaking out of this multi year base. * The current weekly close is super strong (if it closes like this) * no MA resistance on the daily (above 50,100 & 200) * Above 50 & 100 MAs on Weekly * IHS breakout on the weekly chart, followed by a flag and retest of support zone I am currently in the 90C for Jan 2026 with first target at weekly 200SMA
NEE double inside days, XLU as a sector is also bullish
NYSE:UNH in this 450 - 550 range since 2021, ER tomorrow morning gapped up on the daily chart and now retesting the TL if ER is good, and it breaks 550, its gonna go to 600, IMO.... 3 years of compression
Technically oversold...might bounce if a recovery rally ensues
NYSE:CAH in a wedge and looks like it invalidated a head and shoulders pattern earnings coming up Aug 14, might be setting up for a breakout
STLD big compression here also earnings out of the way big resistance around 135 over 135 is easyyyy
RIO in a symmetric triangle since 2022, compression in progress There is a long way to go; can play the range in the meantime COPPER is oversold; any rebound in it can help also
CAT bounced after retesting the trendline... can we see continuation???
NASDAQ:MRNA confluence of MSs horizontal support and diagonal support, with multiple bounces in history... tight R:R I'm going to look for an entry to go long here
WFC inside day inside week close to multi-year all-time highs looking good here for long with caution
AMEX:XLP is at a major location where it has had quite a few fake breakouts on weekly this time , however it has consolidated for quite a few weeks below that level...so might have power to hold... staple names also reporting and should benefit from the lower inflation numbers (margins will improve) defensive sector, can compliment the XLV also
AMEX:XLV had a breakout this week and looks to have successfully retested the breakout and bounced today (July 19, 2024) Many names in the sector are reporting in the next few weeks and are expected to post good numbers and improved guidance can see new ATH in the next few weeks IMO good RR with stop on daily close below 146
NYSE:ABBV coming into some major support here: A descending TL from ATH that was resistance before 2 year volume shelf starting at 155 200SMA on daily waiting to see how it reacts * long above 160 & hold on daily * not willing to short it key points: * Humira sales declining further as more competition mounts * Other drug sales increase compensating...
NASDAQ:SBUX Looking to long here... ER this week Stop on weekly close below 84 Weekly target is top of the descend TL Things to note: coffee prices are going up, might affect margins
NYSE:AA Building a bull flag... 4 weeks of consolidation... above good support stop on daily close below 34 profit target is 40, which is a volume shelf
NYSE:AA has been accumulating here... I am looking for leap 40C for 2026 targets are 38 and 40
NASDAQ:COIN cup and handle long... BTC hype is a positive SEC lawsuit negative overall still like the chart here
NASDAQ:GOOG getting tight here, just under ATH, I am long here to see if it breaks that level