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BABA Potential Bullish Breakout
BABA has started to show some strength and has rallied to $80. However, there is a red resistance line here that BABA needs to break in order to climb up higher. Chinese stocks have been hot lately so it is possible. If there is a rejection here there could be more delays before BABA goes […]Read More
Bears Are Struggling to Send the S&P and NASDAQ Lower
The S&P and NASDAQ have been neutral and slightly bearish since April 19. There has been a lot of sideways price action, while SPY and QQQ have made some slow progress to the upside. I think bears are struggling to send the price lower, and the bullish sentiment has returned to the markets in May. […]Read More
SOUN Flips Red Zone Into Support Headed Into May 9 Earnings
Next week is a huge week for SOUN with an earnings announcement on May 9. SOUN has performed very well headed into earnings, and I think we could see a nice rally especially if SOUN reports a strong beat. April was a very bearish month for SOUN, but May is one of the most seasonally […]Read More