$DIA #DJIA has been absolutely buzzing this year, Value vs Growth continues to sky rocket as Value was beaten down pretty hard during pandemic and growth rose exponentially, so far the story of 2021 has been Value! This is very very bulish still, lets see how far this extends!
$SPY $SPX
Spy continues to ride this channel and holding the bottom channel, very range bound so far, lets see if it takes off and breaks the upper channel, target 420 in 6-8 weeks
Nasdaq looks like it broke the downward trendline this week but stopped right at the neckline of the H/S Head and Shoulder Pattern, lets see what we get next week, does another downtrend continue from making lower high and we see 291 or we see 340?
IWM has been remarkable this year and continues to rise, just made another new high after making V shape recovery, broke the downtrend from Feb highs and starts going above, very bullish signals on this one
SOX was pretty hot coming into 2021, but lost a bit of heat in the feb correction, it is still under but held a good bottom trend line for now, lets see if it can break the downward trend line and continues moving up
$NVDA $AMD $INTC $MU $TSM $MRVL
Transports have been remarkable from the pandemic dip buy and continues to grow in 2021 and faster than Nas or tech stocks at the moment, lets see how far we get extended but the chart is one of the most beatiful ones, very bullish
Banks have made a Roaring comeback and continue to rise as the interest rates are rising for mortgages and eventually Fed will start increasing the rates as well, they are well above the pandemic levels and continues to grow, very bullish still
$XLI #Industrials
$BA $CAT $UPS $DE $GE $MMM $LMT
Industrials were stuck in a range for a while but finally broke the channel and roaring upwards, lets see if we continue to see the demand in Value stocks vs Growth stocks continue, Boeing has been exploding and taking it to highs
J - E - T - S JETS JETS $JETS!
Absolutely beautiful how it keeps climbing, remember the time when international travel is full steam, could we get back to that level in next year or so, this is one of the most beautiful patterns you'll see, lets see if it stalls here or goes high
$GLD $GOLD $NUGT
Gold looks broken, it held the 1700 so far but still needs to get above that level of support for me to go long, lets see if we have another run at gold soon!
$XLE $CVX $XOM OIL
Oil continues to rise and has started a new trendline since start of Feb, all the tech money rotating into Oil as the demand for travel in the world increases, look at that beauty trend, lets see if the move stalls and we break it towards down, very bullish
$FVX Yield on 5 years is back to last years Feb levels
Stalling a bit here
CITI Euphoria / Panic, check this one out
#insiders
Insiders selling was at the peak in Feb, as they saw this correction coming, more power to the rich i guess
$AAPL continues to be extremely weak, after a run from 52 pandemic to 145 euphoria level this year, now it is basing around 120, do we see a break of 200 day at 114? Time will tell, still a bit bearish until it breaks the trend
$TSLA seems to have broken the downward trendline, if it continues to run from here, it can start a new upward trajectory to the moon - Target 1140 in 4-6 months
$TSLA
$BA Boeing keeps getting orders and demands and first positive month of the orders, what a roaring comeback in this stock, this has 310 written all over it in near term, will it move to 400+ soon or wait it out? Time will tell
Targets 285, 323, 410
$VIX
Ending it on a positive note, VIX continues to drop at every little spike and hopefully it breaks the downward channel moves into teens soon for market to stabilize and start a new decade long Bull run!
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$SPY
still looks very bullish on weekly, i expect it to move to 400 early next week
$QQQ #QQQ similar on weekly, if it dips anywhere close towards 320, buy weeklies and monthlies as its gonna go right back up, below this line though we'll see what happens