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Alex Wolsky

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Weekly Market View 5-8-22

The S&P (SPX) fell for the fifth straight week undercutting the January and February lows and near the channel low from the January peak. More speculative areas of the market were hit hard on Friday as well including biotech which hit a new 1-year low. We remain...

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Exxon (XOM) Multi-Week Bull Flag

Exxon Mobil (XOM) shares setting up below the $89/$90 range and a potential multi-week breakout after pulling back to the 55-EMA and bouncing. A breakout move has room to $100 and plenty of room to run with momentum starting to inflect higher while remaining in a...

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Weekly Market View 5-1-22

The S&P 500 (SPX) fell for the fourth straight week and finished April with the worst single-month performance since March 2020 down over 8.5%. We closed the week just above the 2/24 lows and edge of a multi-month balance with potential for a big move in either...

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World Wrestling (WWE) Bull Flag Back at 55-EMA

World Wrestling (WWE) in a strong trend higher since earnings in January and pulling back this week to the 55-EMA and monthly VPOC.  Shares are in a bullish flag under $61.50 and a breakout move has room to run to $68-$70 and continuation of the bigger move. WWE is...

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