Note that CrowdStrike $CrowdStrike(CRWD.US$ had been running within an ascending price channel since early 2023. As of late, the shares had developed the first shoulder and head of what seemed likely to end up looking like a head and shoulders pattern. Now, due to this news event, Relative Strength has rolled out of bed, as has the stock's daily MACD. The shares have gapped lower and found what looks like it could be significant support for at least today at the stock's 200-day SMA (red ...
![CRWD](https://ussnsimg.moomoo.com/sns_client_feed/73699614/20240720/a9729a2bb2503e0ef3689c0dac0bf2a7.jpg/thumb?area=100&is_public=true)
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Uh Oh Major airlines around planet Earth have grounded flights early on Friday morning, while banks in Australia and elsewhere, Sky News in the UK and the London Stock Exchange have all had contunuity issues. Additionally, large numbers of people have been having problems with Microsoft's (MSFT) 365 suite of apps and its "Azure" cloud computing platform. Cybersecurity leader CrowdStrike (CRWD) has told the media that at least some of these outages and crashes are related to prob...
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The S&P 500 traded higher than last Thursday's high for three successive days, negating that day as a valid "day one". That makes yesterday a potential "day one" and not a confirmation. Readers should also be aware that we got "day ones" for both of these indices in June that appeared to be confirmed by volume but were not as there was no break between the "day ones" and confirmation, hence that all became one move and the attempt to turn trend at that time failed.
![Change in Trend - S&P 500](https://ussnsimg.moomoo.com/sns_client_feed/73699614/20240719/ac1d1b8fedb97c9b4ccf7dd357cdf79f.jpg/thumb?area=100&is_public=true)
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So, was Wednesday a "day one" of a bearish change in trend? Take a look at this...
That "day one" actually happened last Thursday. According to the Nasdaq Composite, Wednesday was a "day two" confirmation separated by a few days from day one. It's a textbook example. However, the S&P 500 does not necessarily agree...
That "day one" actually happened last Thursday. According to the Nasdaq Composite, Wednesday was a "day two" confirmation separated by a few days from day one. It's a textbook example. However, the S&P 500 does not necessarily agree...
![Change of Trend? .. Nasdaq Composite](https://ussnsimg.moomoo.com/sns_client_feed/73699614/20240719/f32004eba7924fdd5b30e53a7b13049a.jpg/thumb?area=100&is_public=true)
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![AMD](https://ussnsimg.moomoo.com/sns_client_feed/73699614/20240719/5d4a956a79eafbb7db6636137d54fe34.jpg/thumb?area=100&is_public=true)
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.. $Five Below(FIVE.US$ warns for the current quarter and sacks the CEO. Readers will note that late 2023 into early 2024, FIVE suffered a double top reversal and that it has been all downhill from there. The stock has surrendered a rough 61% since that second apex back in March. Today creates a third unfilled gap on the way down. The stock now flirts with cracking the lower trendline of our Pitchfork model after having slid atop that central trendline for several months. ...
![Five Below (FIVE)](https://ussnsimg.moomoo.com/sns_client_feed/73699614/20240717/e5e95e35ce7b916cea4edf6af19ffd1d.jpg/thumb?area=100&is_public=true)
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Bloomberg news reported overnight that the Biden Administration is informing allies that another step in the increased crackdown on high technology made available to China is under consideration. The US is currently weighing whether or not to impose what is known as the "foreign direct product rule" or "FDPR" which would restrict foreign-manufactured products that make use of even the smallest bit of American technology. The companies that such a rule would seem...
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... $Macy's(M.US$ is trying to rebound today. On Monday, Macy's (M) gave up 11.73% as news broke that discussions with Arkhouse Management and Brigade Capital Management had broken down regarding an acquisition of the iconic, but troubled retail brand. The Macy's Board had terminated the talks that had not as of yet produced any, in their opinion, actionable proposal. Macy's current plan is to accelerate the firm's "Bold New Chapter" strategy aimed at growing the luxury end of the bus...
![Macy's (M)](https://ussnsimg.moomoo.com/sns_client_feed/73699614/20240717/85c398a18dcde0c38e3d00eba3ccd8bf.jpg/thumb?area=100&is_public=true)
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.. $Amazon(AMZN.US$ .. Today is Tuesday, July 16th. Today is also "day one" of Amazon (AMZN) Prime Day, which has become a two-day bargain hunting affair over the past few years. Firms like Walmart (WMT) $Walmart(WMT.US$ and Target (TGT) $Target(TGT.US$ have come up with competing shopping holidays, but it is Prime Day that steals the consumers' attention, and Amazon that continues to grow overall market share in the retail space through its on-line dominance. Amazon has held ...
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.. $SoFi Technologies(SOFI.US$... Stock breaking out from a "Falling Wedge"attern of bullish reversal with a $7 pivot. Long the shares.
![SOFI Technologies (SOFI)](https://ussnsimg.moomoo.com/sns_client_feed/73699614/20240715/8607b69608d2103390d6eb901e899a3b.jpg/thumb?area=100&is_public=true)
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