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Alex Wolsky

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J&J (JNJ) Bullish VWAP ‘Pinch’ Setting Up

J&J (JNJ) basing in a multi-week range under $165.25 and around the top of monthly value while showing relative strength on 11/10 into the weak overall move. JNJ pulled back from recent highs near $180 and has put in a nice base off the YTD value-low with plenty...

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Next-Era Energy (NEE) Bull Flag Above Value

Next-Era Energy (NEE) forming a bull wedge under $85.50 and back at rising support in the 21-EMA and VWAP from the October lows. Shares are also just above monthly value high at $84. A breakout move has room to run to $90 but would clear a big 12-month resistance and...

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Weekly Market View 11-7-21

The S&P 500 (SPX) closed higher for the fifth straight week as we continue to post new record highs. The rally has seen little give since the mid-October base breakout and now without a close below the 8-EMA in seventeen sessions. There are some concerns about...

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Johnson Controls (JCI) Value Breakout

Johnson Controls (JCI) starting to move above the monthly value high on Friday and near a bull flag breakout above $74.75 with a measured move to $77.50. A move higher targets the September peak and continuation of the bigger long-term move that targets $86. JCI is...

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Veeva (VEEV) Ready to Run

Veeva (VEEV) hitting the ‘ready to run’ scan today with shares pulling back from a recent drive higher and finding support at the 8- and 21-EMA. Shares are coiled just below the top of monthly value at $318 and a breakout move has room through $325 out to $340. VEEV...

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MongoDb (MDB) Bullish Consolidation

Mongo DB (MDB) shares flagging in a multi-week range under $525 and recent highs with a breakout move targeting $555 on a run higher. Shares moved above monthly value on Friday and starting to see both MACD and RSI starting to emerge higher from recent lows. MDB is...

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Weekly Market View 10-31-21

The S&P 500 (SPX) closed higher for the fourth straight week and extended its strong recent move breaking out to new all-time highs. The rally continues to feel over-extended but finding support at the 8-EMA all week until we see a break below, the path of least...

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