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Alex Wolsky

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Weekly Market View 12-5-21

The S&P 500 (SPX) continued its pullback last week, falling another 1.27% and closing below the 55-EMA for the first time since mid-October. Last week’s low will be a strong bull/bear gauge moving forward given the confluence of the key 4,500 level, the 50%...

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Weekly Market View 11-28-21

The S&P 500 (SPX) dropped sharply to close the week as uncertainty around a new variant of COVID-19 drove investors into safe-haven assets. Price action was ugly as we sliced below the 21- and 34-EMA with the 55-day just below at 4553.75. RSI closed to its lowest...

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Textron (TXT) Hammer Reversal Off Breakout Support

Textron (TXT) bullish reversal on Friday after pulling back to the top of monthly value and just off the 55-EMA. TXT has broken out of a wide range in early November and the recent pullback has back-tested the prior resistance and now support too at $73.85. VWAP from...

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Weekly Market View 11-21-21

The S&P 500 (SPX) closed modestly higher last week as we oscillated around the key 4,700 level into options expiration. We ran right into trend resistance off the May and September highs while MACD and RSI are both extended in the short-term, so combined the two...

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Bull Flag Setting Up in Crown Castle (CCI)

Crown Castle (CCI) bull flag forming above the rising 21-EMA and just below a volume gap that has room to run back to $188 and then yearly POC at $195. RSI is working out of a narrow range and MACD is elevated but not yet near overbought conditions. CCI ran strong in...

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Asana (ASAN) Bull Flag in a Strong Trend

Asana (ASAN) shares consolidating in a multi-week bull flag under $145 and pushing back above monthly value on Friday with upside to $165. Shares are back above the rising 8- and 21-EMA. MACD is nearing a bullish crossover and RSI is back above 60, plenty of room to...

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