Market Watch: $BBY Builds, $WULF Fades, $XLF Holds

jfsrevg
07-08

Markets continue to rotate beneath the surface, and not every stock is sending the same message.

Some charts are quietly building bullish structures, others are reminding traders why discipline matters more than headlines.

Here are three setups worth watching right now.

1. $Best Buy(BBY)$

Forming a new ascending triangle that could present an opportunity to average into a position, while relative strength continues to hold up well.

2. $TeraWulf Inc.(WULF)$

Even with news of a reported $19B Anthropic deal for a company with a $10B market cap, price action still says the same thing: stay out during the first 30 minutes.

$WULF ended up in day low close.

News can drive excitement, but disciplined execution should always come first.

3. $Financial Select Sector SPDR Fund(XLF)$

Update after one month - following a simple 10-MA sell rule, T+19.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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