Dassault Systemes at a very interesting level
Dassault Systemes (DSY FP) is back on a very interesting level. After May breakout and a 3 months consolidation (13% down since June high), stock is testing October uptrend support. Keep an eye at this zone 35.75-36.25. Source : Bloomberg
Gold breaking double support
Gold (XAU) is breaking June support 1907 and 200 days Moving Average at 1905. Next support levels are 1856 (minor) and 1807 (major). Source : Bloomberg
Industrial Sector retesting recent breakout
Industrial Sector (XLI US) is retesting July's breakout level. Keep an if it can hold. Next major support level is 103-104 zone. Source : Bloomberg
Health Care Sector pennant weekly pattern
Health Care Sector (XLV US) is in a consolidation pennant pattern since April 2022 ! Since 5 weeks, it's trying to breakout on the upside. Keep an eye on this level. Source : Bloomberg
Materials sector retesting important level
Materials sector (XLB US) is retesting April 2022 resistance downtrend level. Keep an eye at this level for breakout confirmation. Source : Bloomberg
SMI Index on lower end of trend channel
SMI Index (SMI) is testing the lower end of September 2022 bullish trend channel. Will market have enough strenght to rebound from here ? Next support levels are 10'850 and 10'600. Source : Bloomberg
Chevron breakout ?
Chevron (CVX US) is trying to breakout of massive triangle pattern. Will it be able to break ? Keep an eye on volume. Source : Bloomberg
The biggest money in investing comes from patience and time
Your biggest edge as an individual investor comes from ignoring short-term fluctuations and playing the long game. Source: Peter Mallouk, Charlie Bilello
