To The Moon

Hello everyone! Today i want to share some technical analysis with you! Hope it can help you!

The stocks are as follow:

Narrator: The relief bounce off the 50 SMA did in fact come. ✅ $Advanced Micro Devices(AMD)$

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$eBay(EBAY)$ Nearly a 2-year base breakout in the making. 👀

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$Invesco QQQ Trust-ETF(QQQ)$ $433 has been brick wall support for nearly a month now 🧱

This is THE setup to watch heading into FOMC tomorrow.

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RSM Example:

Period 1: $NVIDIA Corp(NVDA)$ initially outperforms the index, then retraces toward zero.

Period 2: Indicator dips below zero, signaling underperformance, with occasional parity.

Period 3: $NVIDIA Corp(NVDA)$ resumes outperformance after consolidating. Breakout triggers strong RSM upturn.

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$Walt Disney(DIS)$ begins to steadily outperform the S&P 500 for the first time in almost three years.

DIS Is this the catch-up trade of 2024? 🐭

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$Meta Platforms, Inc.(META)$ really went from being a massive underperformer to crushing the rest of the index in just 8 months. 😲

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Despite the small hiccup on earnings, $JPMorgan Chase(JPM)$ has continued to greatly outperform $SPDR S&P 500 ETF Trust(SPY)$ with RSD making yet another new high this week.

The 10% dividend hike today doesn't hurt, either. 💸

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$Microsoft(MSFT)$ has been consolidating since late January while index performance catches up.

MSFT This is visualized on the RSM indicator at the downward-sloping arrow as peaks with lower highs. Waiting for a spike on a breakout! ⏳

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$Uber(UBER)$ has been absolutely crushing the S&P 500 since January of 2023 and hasn't looked back since. 🚗💨

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