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Hello Traders,

Another great week for the markets. Positive gains continuing to be tacked on to all the major indexes last week:

My time has been a bit more restricted as of late. Which is why I haven’t been going into market breadth or doing any sector coverage. I will definitely try and cover more of this in the future when I am able to. But felt I should let everyone know it’s really just come down to how much time I’ve had. Either way, the best charts are always what matters the most, so I always try to ensure I share those each week.

Tickers:

AMZN, BLK, BX, COF, DASH, DOV, EWBC, FLEX, GLF, HOMB, MNKD, MSTR, NVDA, RL, SG, SYF, TYL, UHAL, WFC, WH, WSR

Let’s get into this weeks charts:

AMZN: Amazon has been on the list for weeks now. Hasn’t broken out of this multi-year resistance line. It’s hugging that resistance line as it closes the week. I do not want to be left behind on this if/when it breaks above the line.

BLK: BlackRock is breaking out of a massive multi-year base. Pretty standard set up, as long as we hold above the line I am interested in being long.

BX: Blackstone is on the list again. Beautiful breakout of a massive multi-year base and a retest of what was resistance and nows appears to be acting as support. As long as the line holds I am interested in being long.

COF: Capital One Financial has been working on the right side of a massive multi-year base. Still has some distance to travel until it close the right side of the base, but nonetheless price is breaking out of a consolidation within this base and looks like it wants to press up towards those former highs. As long as we are above the line, I am interested in being long.

DASH: DoorDash on the list for the second week. Breaking out of a multi-month base and closing at the highs to end the week. I’ve overlaid some fibonacci levels as targets to trade around.

DOV: Dover Corp was on my list weeks back. Love this overall set up, a massive cup & handle breakout and now the retest of resistance turned support. As long as price holds above the line, I am interested in being long.

EWBC: East West Bancorp is testing resistance as it looks like it could potentially breakout of this multi-year basing pattern. On watch for a breakout as of right now, but if it does breakout, I will want to see it hold over the line to remain long.

FLEX: Flex Ltd is breaking out of a clean 5 month base. Pretty straight forward, as long as we remain above the line I am interested in being long.

GLF: GFL Environmental has formed a big multi-year base. Pulling back slightly after testing the upper resistance bound. I’m watching to see if this can curl back up to that level and breakout to new highs.

HOMB: Home BancShares is consolidating very nicely just above its resistance level. As long as price can stay above the black line I am interested in trading the long side. Price has been coiling very nicely here. Look for a push higher in the days/weeks ahead.

MNKD: MannKind broke out of a massive multi-year base a few weeks back. Price is tightly consolidating just above resistance. As long as we can hold over the line I am interested in playing the long side.

MSTR: MicroStrategy breaking out of a nice 8 month consolidation. This chart looks amazing, but it will be highly correlated to the price of Bitcoin. Nonetheless the chart looks great and is actionable right where it sits.

NVDA: Nvidia was on my list the past 2 weeks. Its managed to trade its way all the way back up to those former highs, completing the right side of this multi-month base. Will be watching for a breakout over the line to signal the next leg higher.

RL: Ralph Lauren has been on the list for a couple weeks as well. This is a monthly chart, and is one of the cleanest charts on my radar hands down. Massive multi-year base with a tight consolidation of price just under resistance followed by a clean breakout. As long as price is over the line I am interested in being long.

SG: Sweetgreen is looking to complete the right side of its IPO base. Its starting to push through resistance as it stair steps up into the right corner of the chart. As long as price can hold over the line I am interested in being long. The 1.618 fibonacci level lines up perfectly with all-time-highs and would be my main target for this.

SYF: Synchrony Financial is breaking out of a huge multi-year price base. Straight forward approach here as well, as long as we are above the line I am interested.

TYL: Tyler Technologies already broke out of this massive multi-year base. Since then, price has consolidated sideways in an extremely tight manner above resistance. I’m look for this to push up from here. As always, as long as it’s over the line I am interested.

UHAL: U-Haul is back on the list. love this chart overall and the monthly chart also looks amazing. Price is struggling slightly is it tests those former highs, but this action seems very orderly and normal. I will be looking for the this to push up over those former highs to signal the next leg higher.

WFC: Wells Fargo has been on my list for a long time as a bit of a buy low in the formation of the handle of this massive multi-year cup and handle. That trade worked out perfectly, it just took several weeks of sitting and waiting to be rewarded. We have now rallied hard off the lows and up into new 52-week highs. Best part is the trade is really just beginning. As long as price holds over the line I am interested.

WH: Wyndham Hotels looks like it wants to breakout here. Trading in a nice ascending triangle patter, price is beginning to push up and through that upper resistance level. Still a bit more confirmation required on the breakout, but once it fully gets over the line, I will trade around that level as always.

WSR: Whitestone REIT was on my list for weeks as it was consolidating just under resistance. It finally gave a hard breakout last week and looks like it is going to push higher. As long as we hold over the line I am interested in trading the long side.

Thanks for tuning in everyone!

Hopefully everyone has a great week of trading next week. See you all next week.

Together We Trade

Noah