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Alex Wolsky

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Weekly Market View 10-17-21

The S&P (SPX) had its best week since July after pulling back to its monthly value low and rebounding. Short-term momentum is clearly behind the bulls after we cleanly broke back above the 8-, 21- and 55-EMA late in the week for the first time since early...

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Ally Financial (ALLY) Weekly Flag Setting Up

Ally Financial (ALLY) coiled in a bull flag above the 21- and 55-EMA and under the value high for the month and positioned well for a breakout to new highs. ALLY is in a narrow weekly flag and a breakout move has room to run to $63-65. Shares found buyers multiple...

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Trade Desk (TTD) Trend Breakout Setting Up

Trade Desk (TTD) nice setup forming with shares breaking a downtrend this week and looking to clear monthly value this morning above $75.25. A nice trigger setting up is also VWAP from the August highs at $76.15. Shares have room to run on a breakout with an untested...

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Lumentum (LITE) Bullish Channel Setting Up

Lumentum (LITE) showing relative strength on 10/11 and closing just off the highs as shares set up well in a bullish channel under $86. Shares closed above the short-term moving average cluster at $84.50 and a breakout has room to $90 and then ultimately towards a big...

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Home Depot (HD) Looks Ready to Run

Home Depot (HD) hitting the ‘ready to run’ scan mid-day with shares nearing a multi-week breakout and moving above monthly value. A breakout run above $343.50 has a bigger measured move out to $375 as it works above the April/May highs. MACD is nearing a bull...

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Expedia (EXPE) Bull Flag

Expedia (EXPE) with an inside week as it consolidates in a bull flag above the 8-EMA. A break higher above $175 in focus with a measured move to $190 and finally clearing a massive range that stretches back to February. Shares are above monthly value.

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Weekly Market View 10-10-21

The S&P 500 (SPX) held key support again this week at 4,300 before gapping back higher into monthly value and closing just below VWAP from the September highs. The late-week strength has shifted a lot of sentiment back towards the bulls but some things remain...

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