To The Moon

The market rebound is creating opportunities, but each chart is telling a different story. Here are the key levels and setups I’m watching: 🔹 $Invesco QQQ(QQQ)$ The bounce from the lower Bollinger Band lacked conviction, similar to several recent failed rebounds. The 200-day moving average has held as support. Key level to reclaim: $693.80 Downside levels: $686, $680 and $674 Momentum remains weak unless price reclaims $693.80. 🔹 $Roundhill Magnificent Seven ETF(MAGS)$ Have the Magnificent Seven finally come to the rescue? The bounce from the lower Bollinger Band is consistent with previous rebounds. Key support: $69.40 Bullish above $69.40 Next hurdle: 20-day moving average 🔹

Over the past few weeks, I have closely monitored the Volatility Index ( $Cboe Volatility Index(VIX)$ ) and the Nasdaq 100 ( $NASDAQ 100(NDX)$ ). The VIX flashed its initial warning sign when October started, and I called for an imminent volatility bounce during the next days based on a transparent indicator signal. The following week, the NDX was forming a top by breaching key bands and retracing. Since then, major supports have failed. This started with the 20-week moving average for both the NDX and $S&P 500(.SPX)$ , along with by key annual levels like 29,036 and 7,638 respectively. In last Thursday’s update, “The Most Important Chart of the Week,” I noted

During the previous earnings season, we studied the high probability of a reversal when price action is overextended before the open. We saw this play out today with $Apple(AAPL)$ and $Palantir(PLTR)$ . Both were cratering in the premarket, down almost 5% and 8% respectively. Shorting into these conditions is extremely risky. Both tickers printed a green reversal candle and recovered most of the bearish gap today, mirroring $Amazon.com(AMZN)$ from last week, which is now delivering on the bullish expectations outlined in the Weekly Compass, this week the stock has gained +4.3%, while $Broadcom(AVGO)$ , another name flagg

Earnings season is creating sharp divergences across individual stocks. $AAPL and $PLTR face contrasting post-earnings setups, while $IREN approaches its results with bullish RSI divergence. $MU and $INTC are testing key support levels, and $NOW may be preparing for a technical rebound. Here are six stocks to watch, with the price levels that could shape their next moves. 1. $IREN Ltd(IREN)$ Bullish RSI divergence is emerging ahead of earnings. If technical signals could predict earnings reactions, this would look like a compelling buy setup. A bounce may be developing, but the earnings outcome remains a separate risk. 2. $ServiceNow(NOW)$ Price action is showing early signs of consolidation, with a possib

The market opened with bullish momentum, just as anticipated in Friday’s Support and Resistance Levels edition, published at 6:00 PM ET while extended-hours trading was still active: “Both indices ( $S&P 500(.SPX)$ and $NASDAQ 100(NDX)$ ) breached their daily lower Bollinger Bands; a technical bounce is likely before broader volatility resumes.” I also addressed this setup in Saturday’s Weekly Compass, noting that relief rallies in both the SPX and $Invesco QQQ(QQQ)$ were likely to stall at their respective Central Weekly Levels (CWL). Both moves faded at the projected resistance levels. QQQ peaked at 699.4, just 0.6 points below my 700.0 target. The SPX was re

Here are five charts I'm watching closely heading into next week. 🔹 $Micron Technology(MU)$ — A Tactical Bounce or a Bullish Reversal? The weekly candle was indecisive, which isn't ideal for a bullish reversal setup. Still, with the stock oversold and testing support at the 30-week moving average, a bounce is worth considering. The key level is $912. Reclaiming it would help distinguish a tactical bounce from a more convincing bullish reversal. 🔹 $Alphabet(GOOG)$ — Deeply Oversold $GOOG is extremely oversold relative to its Bollinger Bands and across multiple oscillators. Its P/E ratio is also reportedly at a multi-decade low, a level not seen since 2012. Be careful chasing the downside here. When a stock i

This week, several key setups played out as projected: 🎯 $Microsoft(MSFT)$ : Reached our bearish target at 514.5 (-1.8%) after losing the CWL. 🎯 $Exxon Mobil(XOM)$ : Hit our 186.4 target (+1.8%). 🎯 $S&P 500(.SPX)$ : Tagged 7,567 as projected, then extended lower to 7,510, marking a -1.5% flush. 🚀 $Broadcom(AVGO)$ : Confirmed our bullish reversal thesis, reaching 335.1 before smoothly hitting our extended 348 target on Wednesday (+8.0%). 🎯 $Wal-Mart(WMT)$ : Hit our 122 target (+2.3%) and continued toward 125. $MSFT, $SPX, and $AVGO reversed from their respective target areas, o

The latest selloff has left the market with very different technical setups. Some charts are approaching key support, while others are showing conditions that could favor a short-term relief rally. Here’s what I’m watching: 🔹 $S&P 500(.SPX)$ — 7,668 IS THE LINE TO WATCH The cash open is not expected to be oversold. Price remains comfortably above the lower Bollinger Band, while momentum oscillators are still in neutral territory. A break below 7,668 would cause significant structural damage to the broader trend. 🔹 $Invesco QQQ(QQQ)$ — OVERSOLD, WITH A GAP ABOVE Today's candle came with massive volume and broke below the lower Bollinger Band. An unfilled overhead gap remains on the chart and could act a

Yesterday, I shared the $E-mini Nasdaq 100 - main 2612(NQmain)$ chart highlighting major technical cracks across the tape. The sharp bearish reaction to Amazon’s earnings reinforced a high probability of holding Thursday night’s breakdown formation at the very least. Today’s selloff comes as no surprise: while the flush could have extended into next week, the directional bias was south following last night’s close. The broader short setup began taking shape on Tuesday after indecisive price action printed a series of lower highs that again, I posted in my daily note. While Wednesday traded relatively neutral, corporate earnings served as the downside catalyst after the bell, just as noted on Tuesday when highlighted that rate hike probabilitie

The market declined today, driven by tech weakness and a sharp surge in December rate-hike odds. $Alphabet(GOOG)$ plunged -12.3% on weaker than expected revenue growth in its core search business, reigniting Wall Street anxieties over immediate returns on massive AI infrastructure investments. The weakness rippled across software and infrastructure peers: $ServiceNow(NOW)$ plummeted -27%, $Frontier Asset Total International Equity ETF(FINT)$ tumbled 20%, and $Microsoft(MSFT)$ succumbed to broader market pressure, closing lower despite reporting a strong quarter. Macro headwinds compounded the selloff. Hot inflation data a