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Alex Wolsky

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Weekly Market View 5-22-22

The S&P 500 (SPX) fell for the seventh straight week, the worst losing streak in over a decade, while the Dow was down for the eight straight week for the first time since 1923. Friday’s intraday low as down as much as 2.3% which put the index in a bear market but...

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Exelon (EXC) Basing at 55-EMA After Strong Run

Exelon (EXC) strong trending name that has pulled back to the 55-EMA and based for the last couple weeks. EXC has been a relative strength name and above $48 could spark a nice run back at the prior highs. A measured move on the breakout targets $55. MACD has pulled...

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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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