Last week I was going to post that this is one of the wackiest charts I've ever seen. I think after today that it has claimed the top spot! I just keep it on a watchlist for entertainment purposes. I wouldn't touch it long or short.

This has been dead money for the last 12 months. The positive side of that is that it's built a nice long base to lift off from. I really like the "Calm After Storm" plus "Non-ADX 1,2,3,4 Bullish" combo it's showing today. It has also (essentially) filled the gap from last week's earnings report. So the risk reward seems pretty good to me here with a stop loss around 255 and an initial target of 300.

This is sitting at an interesting spot after last week's Amazon partnership. I'll almost never buy something this extended -- it's up 40% since Friday. At the same time one could argue that there's still room to run since the all-time high is over $146. I could easily see last week's gap holding and the stock just drifting higher. And the cherry on top is a looming earnings report next week. As much as I'm tempted to get long I may have to wait for the dust to settle after earnings.

I noticed this on the "STB 50 Bullish In-Play" scan tonight. An Expansion Breakout from a Bollinger Band Squeeze will always get my attention. Plus this space (also see UPST) and many Fintechs have been hot lately. i might jump in this tomorrow (with a stop loss at today's low) if doesn't gap up.

Breadth remains pretty bad and this is one of the easiest ways to see that fact. IWM broke its 200 DMA today for the first time in almost a year. It’s also worth noting that the % of stocks above their 50 DMAs sunk to 28 today. So that’s almost down to oversold levels. It’s kind of amazing that the larger cap indices continue to levitate near all time highs with so much weakness showing in the market as a whole.