SPY: This uptrend line (dating back to Q4 2012) has been tested now 5 times and we have successfully bounced each time…leads me to expect more of the same. Don’t fight the trend here this rising trend line is support until it isn’t. Watch the action closely here…with support right under us, it may be a good time to long some SPY for a swing trade. Upside targets are 169 & 170, then go from there. If we happen to break this trend line and close below it…all bets are off and 165 is possible.
TSLA: After 3 red days…and expecting the overall markets to head higher next week, I am thinking a bounce is coming in TSLA. Today’s low of 168 needs to hold and if it does…I think TSLA has a date with Target 1 185 (10sma).
MSFT: Like this long going into next week using 33.50 as stop. Would love to see 33.75 hold up and not get a close below that level. Earnings coming end of month so earnings run up is possible here. Targets are 35 & 36 as long as that 33.50-33.75 support zone holds. Like the strength this week in a red tape.
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