UnknownUnicorn15475986

UnknownUnicorn15475986

this gave you every textbook move broke the downtrend, retested, and flew back up big buy for me

UnknownUnicorn15475986

starbucks has a very ugly chart on any time frame but the monthly might give us a peek of what is to come

UnknownUnicorn15475986

you could chase this one back to ATH or wait for the typical retest of the breakout i would wait.

UnknownUnicorn15475986

quite the ugly chart on MSFT, this was the most realistic look i could get on it. could easily push back to ATH if the indices continue to push up

UnknownUnicorn15475986

been trading this one for a long time very reasonable multiple right now in the low 20s and a big technical breakout that looks like it wants to fill that first gap

UnknownUnicorn15475986

i dont love the starting point of this downtrend but the 2 year chart is pretty ugly PE still very elevated but a buy on a technical level

UnknownUnicorn15475986

stocks early to the market are tough to get a read on, but this could be a breakout that brings it back to ATH

UnknownUnicorn15475986

big breakout of previous all time highs, paired with a retest.

UnknownUnicorn15475986

if this breakout fails, this ship is going so much lower hope that it is just a retest

UnknownUnicorn15475986

and this is great... look at this potential buying opportunity. This would be very healthy for the overall movements of the market

UnknownUnicorn15475986

Definitely possible this doesn’t continue to play out but it’s an interesting look

UnknownUnicorn15475986

I'm waiting for the VIX to come down some more and for this trend to break and I'm buying some calls

UnknownUnicorn15475986

We need some time of consolidating and slow movement. Would help compress some high multiples and begin a bull run into year end.

UnknownUnicorn15475986

I don't think this will happen fast but it'll be 2.5 before its 1.5. That shouldn't end the market. The majority of companies, and the important ones, are fundamentally strong. It'll just be a period of time for other sectors to outperform,

UnknownUnicorn15475986

It's a close second with XLF. I still feel great about the financials. But HD is an obvious buy here. Retesting previous resistance for support, trading at 23x which is better than so many in this market, makes big money, and earnings coming up. Regardless of if the booming housing market slows down, HD is the best in class and great value in a rising rate...

UnknownUnicorn15475986

This seems to be likely given how far it’s come. If rates top out soon, we could see this test ATH

UnknownUnicorn15475986

Looks like we will consolidate and then most likely breakout to retest ATH by middle or end of next month. Holding the 100 day moving average will be critical for this to play out. Hopefully the weak nasdaq doesn't bring this down with it.

UnknownUnicorn15475986

SPX and the US10Y used to move synonymously from 1998 to 2009. Now we always hear about the negative impact the 10 year will have on the market, but it didn't used to. January 2009 was the first time we had the Fed Funds rate at zero, which may be the reason for the obvious divergence.