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Alex Wolsky


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Broadcom (AVGO) Weekly Bull Setup

Broadcom (AVGO) showing relative strength on the weekly timeframe for the third straight week and nearing a bullish wedge breakout above $620 that targets new highs and a run to $800. AVGO has seen MACD pull back and starting to curl higher now with a potential...

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Weekly Market View 5-15-22

The S&P 500 (SPX) closed lower for the sixth straight week – the first such instance since May/June 2011 – as concerns over growth, high inflation, and the Fed continue to weigh on sentiment. Since 1980 there have been thirteen weekly losing streaks of six weeks...

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McKesson (MCK) Inside Day Near New Highs

McKesson (MCK) a relative strength name sitting just shy of new 52-weeks and putting in back-to-back inside days this week. A move above $334.15 can trigger a nice multi-week breakout and target up to $365. MCK is trading above the 8- and 21-EMA and momentum starting...

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Weekly Market View 5-8-22

The S&P (SPX) fell for the fifth straight week undercutting the January and February lows and near the channel low from the January peak. More speculative areas of the market were hit hard on Friday as well including biotech which hit a new 1-year low. We remain...

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