$MSFT Lags the Market While Another Bear Flag Takes Shape
$Microsoft(MSFT)$ — Bear flag breakdown, with further RS divergence as the next bear flag develops After leading the initial breakdown, $MSFT is forming another bear flag off the March 27 low, with VCP and RS bearish divergence developing even as the broader market rallied. Price is now sitting on the flattening 10-MA, with a declining 20-MA approaching towards the price. Market Cap $2.7T | ADR: 2% | Avg $ Volume: $14B As I wrote on MAR18: Microsoft has broken below a 7-year trendline support and failed to reclaim it during the early March bounce, despite a 10 vs 20-MA golden cross attempt. The past 6 weeks of tight, congestive price action have developed into a bearish flag with price is now less than 5% away from its 9-month low. There are actua
$ES $NQ Shake Off Bad News as Markets Show Resilience
Index Futures Update $E-mini S&P 500 - main 2606(ESmain)$ -0.03% $E-mini Nasdaq 100 - main 2606(NQmain)$ -0.04% Losses have been mostly pared back, with selling pressure easing. Honestly wouldn’t mind more headline shocks from POTUS to really test the market’s resolve. This could be another classic reminder price action and relative strength matter more than headlines when it comes to momentum trading. Futures are holding up better than expected after the weekend’s failed peace talks, especially compared to the -1.5% to -2% news driven drops we saw just weeks ago. $ES is currently only -0.74% and red to green intraday after gap down. Feels like a regime where bad news brings shallow pullbacks,
CLH, BALL vs LNZA: Inside the Mismatch Behind “Waste +1.48%”
i can't say for certain because the information can be skewed. you can't depend on the 'theme' map to trade on ideas without a deep dive. i will give u a live example now under 'Waste' theme. 1. $Clean Harbors(CLH)$ is a 15.8 B large cap company +0.42%. 2. $Ball Corp.(BALL)$ is a 15 B large cap company -1.01%. 3. $LanzaTech Global(LNZA)$ is a 181 Mil nano cap company now +16%. 4. most of others in the list are muted in % chg. waste is +1.48%, the calculation is certainly not cap-weighted, it is also not equal weighted. it seems to be price weighted like $Dow Jones(.DJI)$ but price weighting is not accurate with only 10 co
$QBTS Breakdown Targets $8 While $NAVN and $BRZE Set Up Key Levels
Market divergence continues. D-Wave Quantum Inc. ($QBTS) is breaking down with further downside risk, while Navan, Inc. ($NAVN) shows a clearer upside path. Strength is emerging in SonicShares Global Shipping ETF ($BOAT), while Braze, Inc. ($BRZE) waits for a breakout. 1. $D-Wave Quantum Inc.(QBTS)$ Bearish Head & Shoulders Breakdown in Progress After losing the $17 consolidation with a series of lower highs into mid-March, $QBTS broke lower on 18th march, along with a 10-MA rejection last wednesday, slipping below $13 today. In the meantime, $QTUM ETF just lost its 200-MA today cleanly, closing near day low. The projected move of this 9-month classical head & shoulders pattern points toward the $8 region. Market Cap $5.1B | ADR: 6.6% | Av