ivanhoff.com

Options & Stock trader. Subscription service: Author of books on swing trading: *Not investment advice*

[ivanhoff.com @ivanhoff]

Software is leading the tech sector. New 52wk high for $APPN @MarketSurge #IBDpartner https://t.co/quRg6rBPyw

[ivanhoff.com @ivanhoff]

$GOOGL is back below its 200dma while its relative strength line continues to decline.

[ivanhoff.com @ivanhoff]

$IGV - Notable relative strength in software compared to semis and the rest of tech all week so far. It could still turn into a bear flag if it goes under its 50dma again.

[ivanhoff.com @ivanhoff]

Healthcare stocks are dominating the new 52-week relative-strength high list: $HTFL $LLY $BIIB @MarketSurge #IBDpartner https://t.co/quRg6rBPyw

[ivanhoff.com @ivanhoff]

@Muninn No idea where the indexes are heading. Earnings will likely be strong again, so I doubt we will see a 2018 repetition. A choppy, volatile environment for a few weeks is the most likely.

[ivanhoff.com @ivanhoff]

Here's October 2018 price action in the Nasdaq Composite as a counteraction. A quick break of the 50dma led to a test of 200dma and a downtrend for the rest of the year.

[ivanhoff.com @ivanhoff]

One big difference between the October 1999 pullback and October 2026 is that back then there were leaders that just tested their 20EMA during that 10% index correction. The leaders held their ground. Here's QCOM

[ivanhoff.com @ivanhoff]

Probably 0% chance of repeating or even rhyming, but just for historical reference, the Nasdaq Composite had a quick 10% pullback in October 1999, then an inside day followed by a gap up back above 50dma, slight consolidation and then off to the races.

[ivanhoff.com @ivanhoff]

$SMH is working on a tight-range inside day. I wouldn't be surprised if it tests its 50dma before hitting more resistance.

[ivanhoff.com @ivanhoff]

Stocks making new 52-week relative strength highs this morning: retailers, biotech, energy. $ANF $TBBB $BOX $DINO $FTRE etc.

[ivanhoff.com @ivanhoff]

$AMZN is back above its 50dma. Here's a weekly perspective. @MarketSurge #IBDpartner https://t.co/quRg6rBPyw

[ivanhoff.com @ivanhoff]

Momentum Monday - Correction in AI Stocks: https://t.co/rWAXaqclz9 @MarketSurge @howardlindzon $SMH $QQQ $XBI $XLE $XRT

[ivanhoff.com @ivanhoff]

The early-October new all-time high looks like a false breakout. $QQQ might be headed for a 200dma test around 675.

[ivanhoff.com @ivanhoff]

The breakouts in retailers this week are highly suspect with crude oil approaching new 52-week highs. $USO

[ivanhoff.com @ivanhoff]

$TSLA - the flying car is back below its 50dma.

[ivanhoff.com @ivanhoff]

$CNK - interesting to see a movie theater stock on the new 52-week relative strength list.

[ivanhoff.com @ivanhoff]

The weakness in tech is spreading to software. $IGV is still above its 50dma, but its relative strength is declining. @MarketSurge #IBDpartner https://t.co/quRg6rBPyw

[ivanhoff.com @ivanhoff]

Remember when crypto and AI were supposed to put $V and $MA out of business? New all-time highs today. More inflation =more nominal spending = more fees, while all the credit risk is in the banks.

[ivanhoff.com @ivanhoff]

Software is notably stronger than semis so far this morning. $IGV found support near its 50dma and went green. Setups like $CRM are looking half-decent.

[ivanhoff.com @ivanhoff]

Just like yesterday, the stocks making new 52-week relative strength highs vs the S&P 500 are defensive healthcare and consumer staples stocks like $ABBV $BIIB $KO etc.