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Strategies & Market Trends : CFZ E-Wiggle Workspace

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From: Sendme11/28/2021 12:43:12 PM
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Stock rotation on the big boys? I always try to look for a reason to be bullish or bearish based on the charts, not the news.

This is going to be a look at what I see as a potential for a bullish/bearish move in the markets.

Right now it's hard to be too bearish until major supports get taken out especially on the big boy stocks.

IMHO on a bullish outlook is that we see rotation in the big boy stocks about to take place.

It's obvious that some of them have been doing extremely well and others are lagging.

I have plotted what I call a standard deviation within a channel pattern, I believe it is also referred to as a pitchfork as well.

First two blue lines are the original channel and then the yellow arrows indicate the size of the channel and I mark one deviation above the channel with a dashed blue line.

NVDA is just a beast, but then we have TSLA, MSFT and GOOG that have been the big players as of late.

I will then compare them to the potential moves that FB, AAPL and AMZN might be setting up to do the same.

I will also put NFLX in there as well compared to a potential move in AMZN that looks similar

If this rotation does happen, then I can see more bullish moves in the SPX.

The green and orange arrows mark cloned moves that AMZN is capable of making


I could be a bit off on AAPL and FB

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