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Alex Wolsky

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Texas Roadhouse (TXRH) Weekly is Ready to Run

Texas Roadhouse (TXRH) working higher on Monday out of a multi-month range and set to open the month of March above value. A breakout move has room to run to $105 in the near-term but weekly range is turning the corner out of a narrow pullback channel and can extend...

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Weekly Market View 2-27-22

The S&P 500 (SPX) closed modestly higher last week after a wild, holiday-shortened week that saw us dip down to the lowest level since May 2021. We’ve been trading in a wide channel lower since the January highs and hit the channel bottom on Thursday morning,...

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Valvoline (VVV) Bullish Divergence Back at Support

Valvoline (VVV) a high-quality name that has pulled back to key breakout support from the big October jump higher and basing in a multi-week range. Shares are just below a downtrend at $33.50 with room to run above to $35.50 and then prior highs. Momentum is starting...

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Allstate (ALL) Bull Flag Setting Up

Allstate (ALL) shares working above February’s value high on Friday and nearing a multi-week breakout above $127.25. MACD and RSI are nearing a bullish inflection and the breakout move has room to run to $138 and the prior May/August double-top.

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Weekly Market View 2-20-22

The S&P 500 (SPX) closed lower for the second straight week as concerns over Russia and the pace of Fed tightening weigh on sentiment. We gapped higher during the week into the declining 8-EMA but were unable to push past some sizable overhead resistance at 4450...

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