One More Push to New Highs?

The summer is quickly approaching, which can often be a time where the markets are sloppy at best. However, there are a handful of reasons to believe the market is setting up for another push into new highs over the next 1-2 weeks. With bullish trends fully intact on the weekly charts, both the $SPY … Read more

Weekly vs. Daily

Right now, it’s a “weekly charts versus daily charts” type of market. After a few weeks of solid momentum, we have found ourselves in a situation where many daily charts are extended, trading well above 2+ ATR from their 21EMA. Generally this points toward an increasing probability of a pull back to the 21 EMA, … Read more

Sleeping Tech-Giants?

As the market has continued its bullish trend over the last few months, we’ve seen many stocks benefit from this momentum, making impressive moves alongside the indexes. While $MSFT, $GOOGL, and (at times) $AAPL have all seen strength in recent months, there are two tech-giants who have continued to trade sideways: $AMZN and $FB. While … Read more