• We may see a record close for the Dow Jones industrial average and it's technical Tuesday. And that's why we keep an eye on all these averages and Rachel just shells with us and your manager trading services at Charles Schwab and seen Rachel and Waw could just see Rachel and I'm glad you're taking a look at the S&P 500 and for us today. What are you watching there?
    Nicole Petallides
  • Rachel Dashiell
    Well great just to you as well Diane, you're right, it has been a bit much. with the S&P 500, obviously we've seen earnings season, tariffs, the government shut down. We've seen that the S&P has actually held up pretty well throughout all of that, really only pulling back roughly 4% for all-time highs. And now it looks like we're mostly out of the woods for a lot of those factors. We even saw last Friday at Form Day Bolisher Versel Candlestake right at the 50-day moving average. which has acted as that. longer term support really since the April breakout and we saw that bulls continue to buy the dip and price gaped back above its 20 day moving average really putting the S&P right back into that rising channel to continue its trend on higher and there's obviously been- cracks in the surface like weakening breath, volatility around the shutdown tariffs, earnings season, all that, but the bulls haven't really seemed to care much and seemed to have shrugged it off. Honestly, it's hell when that bit... Balls may be looking for is a rally into the year and with no members, statistically really being the strongest. month of the year and if the usual seasonal trends don't really play out that may give traders a bigger signal that some other factor that they're not really expecting maybe on the horizon.
  • And as I look, Rachel, I see the advanced decline line and market breadth seems to be improving. I mean, that's something that people were worried about. I mentioned that 10 of the 11 sectors have up arrows, and I see at least three to one up. to down volume. So that's pretty good. And when I look at the market watch, like this heart, heart chart that we look at, so many names in the green and video and broadcombed, yeah, those are lower, but many names from Walmart to Netflix and Microsoft all in the green here today Apple, 18T of variety. Let's take a look at Oakloats. We are waiting to hear from that company. Some of your thoughts there.
    Nicole Petallides
  • Rachel Dashiell
    Yeah, you're right Nicole. And it definitely speaks to the sector rotation that's taking place under the surface here. So the next one for Oklahoma, we've all seen has had a phenomenal run this year. Scoring a thousand percent move from yearly lows to highs. And you can see the market has just respected those Fibonacci retracement levels in this name. The trends stalled out at the 423.6% retracement, which is over quadrupling that initial basing pattern that it broke out from early this summer. And we all know that no trend can run forever. And we did see bearish divergence in the RSI when price was making those new all-time highs. And we've seen a distribution looking pattern really taking place over the last month or so. And with that pattern, I drew a purple trend line that really served as a neckline of a... Sliented, head and shoulders, bearish reversal pattern, just completed last week. And now we kind of see prize trying to retrace back to that level with which also kind of coincides with the 50 day moving average. and um uh... some of our resistance levels to the upside so uh... some levels to watch in this would be one twenty six to the upside there with the next phaganachi and one hundred to the downside but Obviously, it got a reclaimed that 50-day moving average verse as well.
  • Last but not least before I let you go, could you take a peek there at Expedia for us, Rachel?
    Nicole Petallides
  • Rachel Dashiell
    of course so, excuse me to start a beer with a familiar. bullish basing or bullshaped pattern that we saw in many different stocks, followed by a few months of consolidation as somewhat of a breather for price before its next move. And I'll mention this too. I know it's not shown on the chart, but if folks zoom out to five year weekly chart, they'll see a much larger cup and handle pattern that just completed as of August, which is a bullish setup for this name in the long term. And we just had an analyst upgrade yesterday to 271. We know a lot of times these analysts tend to chase price, which is something that we're going to see now. with that bullish breakaway gap on Friday where price broke above prior resistance kind of finding itself around that next Fibonacci retracement zone. And it's continued that move higher with strong momentum reaching over-bought levels and more than doubling in price since it's yearly low, so it remains a name to watch. But traders may look for resistance and possible profit taking around that next level of 285 or so, which is a 200% and then on the downside, right around 256 or so, and with that level breaks, the breakaway gap from Friday will act as that next level of support.
  • I mean, and you noted, you know, look at the bullish trend that it has there. And I saw that Argus has a $300 target city group has a target at 281. Expedia has been rising in outperforming some of its peers. It's great to see you Rachel. Thank you so much. Rachel just shall taking a look at the S&P and also Oaklo and Expedia. Rachel's a shell senior manager of trading services at Charles Schwartz.
    Nicole Petallides
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