Walt Disney breaking out ?
Walt Disney (DIS US) has consolidated 60% since March 2021 ! Has tested the last two months the 79 support represented by March 2020 low. Now the stock is showing signs of breakout August 2022 downtrend. Keep an eye. Source : Bloomberg
S&P 500 Index at resistance level
S&P 500 Index has made a 6.5% rebound since end of October lows. Trend remains bearish, keep an eye on last swing high resistance 4345-4378. Will it have enough strenght to break this level ?
Crude Oil approaching support
Crude Oil WTI has now consolidated 17% since September high ! It's approaching last swing low support. Keep an eye at 77.62 level.
US 10 year yield on support
US 10 year yield (USGG10YR) is testing support 4.5153. This is a key level for the trend to remain bullish. Keep an eye at the close. Source : Bloomberg
Geberit rebounds after earnings
Geberit (GEBN SW) is rebounding strongly after earnings. Stock is up 8% today and more than 12% since October low. Keep an eye at next resistance zone 468.80-476 represented by February downtrend resistance. Source : Bloomberg
The SP500 $SPX continues trading inside the almost perfect channel that has been in place since July highs
So far this is just a reversal off the lower part of the channel. First resistance is around the 200 day moving average, currently at 4260ish. Note the 50/100 day cross very much in "force". Source: TME, Refinitiv
Bitcoin white paper turns 15 as Satoshi Nakamoto’s legacy lives on
“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” Satoshi wrote in an Oct. 31 email in 2008. Bitcoin $BTC Golden Cross formation. Today, there is a Golden cross formation which just took place on $BTC - see chart below. Source: Barchart
Franco-Nevada back on 2018 uptrend support
Franco-Nevada (FNV US) is back on 2018 uptrend support. It's also very close to 122.33 support. Keep an eye. Source : Bloomberg
