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Alex Wolsky

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Baxter (BAX) Bull Flag and Relative Strength

Baxter (BAX) name showing relative strength lately and one of the lone names hitting the ‘ready to run’ scan today. Shares are consolidating above the 8 – and 21-EMA in a bull flag and just below a major weekly breakout at $92. MACD and RSI are both in bull trends and...

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Weekly Market View 1-23-22

The S&P 500 (SPX) suffered its worst week since March 2020 as the Nasdaq fell further into correction territory as rising rates pressured tech stocks. The SPX closed below its 200-MA on Friday for the first time since June 2020 and the biggest close below monthly...

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Sealed Air (SEE) Breaking Out to Fresh Highs

Sealed Air (SEE) showing relative strength recently and starting to break out of a multi-week flag with room up to $72-$73. Shares are nearing a bullish MACD cross and RSI improving as well, ready to run, with a broader weekly range target $77. SEE has been riding the...

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Endeavor (EDR) Bull Wedge Back at Support

 Endeavor (EDR) forming a nice bull wedge back into the 8-week EMA last week as well as the top of January value with potential to rip back above recent highs on a breakout move. EDR broke out of a 35-week post-IPO range in late December and now back-testing the prior...

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Weekly Market View 1-16-22

S&P Futures (ES_F) had an indecisive week after pulling back from recent highs and bouncing back off VWAP from the October lows. We held trend support from the October lows and also forming another higher low against the December pullback. There’s been a big...

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UPS Weekly Bull Flag

United Parcel (UPS) flagging nicely on the weekly and set to clear the April/May highs with a move above $220. The measured move out of this smaller flag targets $240 but the bigger range breakout has potential to move to $265.

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Weekly Market View 1-9-22

The S&P 500 (SPX) pulled back off of all-time highs last week and now back at the top of the prior balance, the rising 55-EMA and VWAP from the December lows. SPX has held up much better than the Nasdaq (NDX) which has been leading the broader markets and back at...

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