Husband. Father. Trader. Sports enthusiast. Education Coach @SchwabTrading. Imp. Disclosures: https://nitter.cf/t.co/bocMZTTmkS
Joined November 2023
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Get it while it's hot!
@RachelDashCS has the table set for this first week of November.
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*not a recommendation
This week's version of Technical Analysis Weekly is live: schwab.com/learn/story/techn…
This article includes a breakdown of key levels across markets and asset classes using a multiple time frame approach to help inform your trading decisions.
#SPX #NDX #Value #Growth #Rates #TreasuryYields #SectorRotation #TechnicalAnalysis #Russell2000
#Gold #Semiconductors
*Schwab does not recommend the use of technical analysis as a sole means of investment research
*All names and market data shown below are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security
$Oil moving lower, leading to $Transports moving higher? Back above its 20, 50 & 200-DMAs and trading at a six-week high.
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*not a recommendation
Yields are falling and $LEN is at a 4-month high and testing its 200-DMA. While this is a potential spot for a pause, a continued drop in yields could lead $LEN and other homebuilders higher
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*not a recommendation
$Staples moving upward today and $COST is participating. A look at the weekly chart highlights a lengthy consolidation. When sideways action breaks it commonly leads to a trending move. That means waiting for the breakout or break down before taking a position.
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*not a recommendation
$LLY may be building another flagpole with the continuation of its breakout. Traders who scooped this up in Sept. may be looking to reduce position size after this extended move. Plan your trade, trade your plan.
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#SchwabCoaching*not a recommendation
As usual, great stuff from @RachelDashCS today
@SchwabTrading *not a recommendation
.@RachelDashCS offers in-depth technical analysis of the S&P 500 and the 10-year Treasury yield on #MorningTradeLive with host @sam_vadas.
📽️ The Big 🖼️ on @SchwabNetwork
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Blind chart read...buy or sell this one? Any guesses as to what this is?
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*not a recommendation
$ULTA is up more than 35% off the summer lows and bull-flagging at potential resistance
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Kevin Horner retweeted
I will be joining @sam_vadas today on #MorningTradeLive at 10:20ET to discuss today's economic data, #AI, and tech the earnings fallout. Check it out. @SchwabNetwork @SchwabTrading
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$Semiconductors found the 200-DMA this week and subsequently bounced. Beyond this important long-term moving average, was there another indication this level may offer support? Enter the Fibonacci retracement tool
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*not a recommendation
$SNDK at the 200-DMA and holding. Good risk:reward for bulls who think this can challenge the September highs near $1900?
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*not a recommendation
$NBIS volatility was squeezed and it led to a spike in volatility, as it's a mean-reverting instrument. Volatility expanded as the stock broke down. Now that the expansion has possibly run its course, bearish traders who capitalized on this move might be watching the upper Bollinger Band as it is hooking downward. This can be an initial opportunity for a trader to take portions of their trade off the table
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*not a recommendation
$NBIS in a bit of a squeeze. Bollinger Band width is the tightest it's been in more than a year, suggesting a spike in volatility. Volatility is NOT directional, however.
@SchwabNetwork @SchwabTrading #SchwabCoaching *not a recommendation
$ULTA is up more than 35% off the summer lows and bull-flagging at potential resistance
@SchwabTrading @SchwabNetwork #SchwabCoaching *not a recommendation
$Semiconductors found the 200-DMA this week and Closed Above the High of the Low Day (CAHOLD) yesterday. The confluence of the 20 & 50-DMAs overhead can be short-term resistance, but an encouraging move from this important cohort.
@SchwabTrading @SchwabNetwork #SchwabCoaching
*not a recommendation
$JCI has held its 200-DMA since late April of last year. While $Industrials struggle, this one has held up. Can it continue? What happens if the sector gets back in gear? Is $JCI a potential leader?
@SchwabTrading @SchwabNetwork #SchwabCoaching
*not a recommendation
$Industrials struggling while presenting a 'death cross' as the 50-DMA crosses the 200-DMA to the downside. There is a bearish RSI divergence with yesterday's low, but trend traders may be patient before entry. A series of closes above the 50-DMA could get bulls going.
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*not a recommendation
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$GOOGL up only 1.5% YTD, but working to confirm support at the $315 level. Earnings later this week will determine the next move. Bulls might consider this spot good from a risk:reward viewpoint if they think it can rally back to prior highs around $400
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*not a recommendation
