The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday.
The weak Amazon versus the strong Facebook may as well be the prize fight for this market, in terms of gauging the price action in the leading, marquee issues with tons of institutional sponsorship.
Amazon remains a very weak chart, especially after earnings, while Facebook is still strong, overall, after its earnings gap higher.
Still, you can see Facebook in gap-fill territory, below, perhaps a candidate to fill the gap from earnings if the market remains under pressure.
If the market does sustain a strong bounce this week, Tesla is as attractive as any leader on the long side, ripe to break higher from its well-defined symmetrical triangle consolidation, below.
As far as the marquee issues, though, traders should still focus on…
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