S&P 500 (SPY)
Stocks fell slightly yesterday, dropping by 11 basis points. I’m not getting a clear sense of how to proceed at the moment. It feels like we may be in another holding pattern at this point. The market doesn’t want to fill the gap, and at the same time, the S&P 500 doesn’t want to go up. So we can wait and see what today shall bring.
Russell (IWM)
Perhaps the Russell has a slightly better setup then the S&P. The chart seems to resemble a Flag pattern, and maybe that means that the index finally breaks above 1638 and pushes higher.
Acadia (ACAD)
ACADIA (NASDAQ:ACAD) continued to fall yesterday, for no reason that I know. It seems surprising given the strong news the company has had in recent weeks. The stock is back to the uptrend and has filled the gap for the most part at around $46. This is the area where the stock has to bounce.
Tesla (TSLA)
Tesla (NASDAQ:TSLA) is turning higher, and it is working towards that gap fill up at $360. The RSI is turning higher, too, and is still only at 64, so it seems possible for the stock to rise further.
Alibaba (BABA)
Alibaba (NYSE:BABA) is still trying to break out and rise above resistance at $201. The trend in the RSI suggests the stock continues to push higher.
Starbucks (SBUX)
Starbucks (NASDAQ:SBUX) is trying to get above resistance at $87.25, failing on the first attempt. It seems like momentum has shifted to bullish from bearish, and the stock pushes higher from back to $91.40.
PayPal (PYPL)
I thought PayPal Holdings (NASDAQ:PYPL) was due to rise after seeing some bullish options betting.
Apple (AAPL)
Apple (NASDAQ:AAPL) is trying to get over $268 resistance. If it can clear that level, then $276 would be next. If it does stumble, it seelms likely we retest $260.
