Upside Breakout Watch for December 2023- ILMN & CAVA

 1 Corinthians 14:33 "For God is not the author of confusion, but of peace, as in all churches of the saints.

December 4, 2023

These 2 names are worth watching for potential upside.  See the annotated chart.

*** CAVA updated***

CAVA Q3 '23 earnings report

***** updated ILMN *****

Technical Bullflag Breakout Pattern - MELI and PANW

 3 Nephi 24:6 " For I am the Lord, I change not; therefore ye sons of Jacob are not consumed.

November 28, 2023

MELI has had a stellar 3 consecutive earnings reports, only this 3Q that the stock price is finally breaking above its $1440 technical resistance.  It is currently trading and printing a new 52-week high in the last 2 weeks, the all-time high stock price is at $2020.

PANW has had a string of strong quarterly earnings reports.  The technical settings are in a bull flag pattern daily and weekly.

Stock Market Recap - November 13- 17,2023

 

November 13, 2023

It is a quiet day in the US stock market, with mixed breadth performance.

• DIA +.16%  QQQ -.31%  SPY -.10%

TSLA Technicals seems ready to break out of its box trading range -

Stocks to Buy after a Strong Earnings Report for 4Q of 2023

November 27, 2023

Here are the technical updates of the stocks published below from November 15, 2023.

• EXPE +15%    since published
• CMG +4.34%  since published
• MSFT +3%     since published

November, 15, 2023

These stocks have formed a technical bull flag pattern that seems ready for a breakout to the upside after these companies reported their Q3 2023 earnings.

EXPE Earnings Report

MSFT Earnings Report

CMG Earnings Report

Stock Market Recap- November 6-10, 2023

November 9, 2023

The 7th-day positive streak in the US stock market has been broken today.  The S&P 500 stumbled on previous key pivot resistance at 438coinciding with Federal Chairman Powell's hawkish speech at Washington DC Chairman Powell

• SPY -.78%  DIA -.59%  QQQ -.77%

Earnings Mover:

November 8, 2023

It's a quiet day in the US stock market, the US major indices are in mixed breadth, however, the equities breadth today is mostly on the sell side. 

• SPY +.07%  QQQ +.06%    DIA -.12%

Earnings mover:

November 7, 2023

The US major benchmark continues to streak its 7th consecutive day of green performance.

• DIA +.15%  QQQ +.95%  SPY +.28%

Stocks Earnings Winners:

November 6, 2023

The US benchmarks continue its 6th Green Day performance.

• SPY +.23%  DIA +.13%  QQQ +.41%

Market Notes for October 2023

 

Stock Market Recap- October 23- 27, 2023

 October 23, 2023

The US major indexes and stocks pushed higher from a day low. The Nasdaq is the strongest today as it closed on a green note, a red-to-green performance, the Nasdaq remains above the 200 DMA.

Despite the S&P 500 closing at the red territory, it has some strength today as buyers stepped in at the 200-day moving average technical support.

The Dow Jones has been the laggard, as the technical price is trading below 200 DMA.

• SPY -.17%  DIA -.56%  QQQ +.30%

Cryptocurrency rallies as it awaits SEC response on GBTC's ETF application