Trend Charts: SMCI, XLE, NVDA, MSFT, SPY, TSLA& JNJ
Hello everyone! Today I want to share some technical analysis with you! Help it can help you!
The stocks are as follow:
$Johnson & Johnson(JNJ)$ just reported Q1 earnings this morning:
~EPS: $2.71 vs $2.64 est
~SALES: $21.383B vs $21.398B est
~Expects 2024 EPS $10.57–$10.72 vs $10.66 est
~Expects 2024 Operational Sales $88.7B-$89.1B vs $88.43B est
$Tesla Motors(TSLA)$ making new lows in pre-market after $JPMorgan Chase(JPM)$ analyst says the recent layoffs are 'a function of lower demand and not supply', keeps underweight rating with $115 PT. 🔻
We have now entered the February gap. 🚨
$SPDR S&P 500 ETF Trust(SPY)$ Keep an eye on YTD anchored VWAP currently sitting right in line with the $500 psych level.
Microsoft has a rising wedge breakdown brewing on the weekly chart!
$Microsoft(MSFT)$ YTD ⚓ VWAP sitting at $407, keep an eye on it.
$NVIDIA Corp(NVDA)$ holding up better than most, working on an inside green day... If tech can catch a bid, look for $NVDA to lead. 💪
$Energy Select Sector SPDR Fund(XLE)$ Can Energy bulls flip the script at prior weekly resistance? 🔁
$SUPER MICRO COMPUTER INC(SMCI)$ How to identify relative strength on a pullback during a bull market:
✅ Holding key moving average
✅ Strong name within a strong sector
✅ Holding Volume Point of Control
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- winky9·04-17$SPY$ - The $500 psych level is important, let's see if it can hold.LikeReport
- EvanHolt·04-17$SPY's VWAP near the $500 level is a key level to watch.LikeReport
- AuntieAaA·04-17GOODLikeReport