Alphabet (Class A)

  • GOOGL

  • $191.55

  • +1.61%

  • $185.78

  • $192.89

  • $185.22

Granny Shots

Ticker Appearances

Daily Technical Strategy
Wed, December 11, 2024 | 7:06PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Commercial Services, Transports, and TSLA all discussed

WEDNESDAY’S EQUITY RALLY PROVED CONSTRUCTIVE AND WENT A LONG WAY TOWARDS SUGGESTING THAT A RALLY BACK TO NEW HIGHS FOR THE MAJOR INDICES SHOULD BE...

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Daily Technical Strategy
Fri, November 22, 2024 | 7:21PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Upticks - November 2024

UPTICKS - NEWTON'S LAW Source: Fundstrat, Bloomberg UPTICKS ADDITIONSCintas (CTAS 2.27% - $221.76)Deckers Outdoors (DECK 2.77% - $192.15)Salesforce. com (CRM 1.84% - $342.02)Palo Alto Networks (PANW -1.35% - $383.36)Progressive Corp. (PGR 0.38% - $266.06)Consolidated Energy...

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Fri, November 22, 2024 | 2:44PM ET

⚡ FlashInsights

Fri, November 22, 2024 | 2:44PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
While the bounce into next week remains intact at this point, SPX and QQQ have shown decisive lagging regarding to the Equal-weighted SPX. When eyeing the top 5 stocks in SPX by market cap- NVDA at 3.48T down to GOOGL at 2.03T, each is down at least 3% off all-time highs and in some cases, GOOGL is down 13% from all-time highs. One can see clearly that some interesting sector rotation is happening. Yet, charts of the Roundhill Magnificent 7 ETF (MAGS) show this to be in very good shape, thanks to TSLA which went from laggard to leader recently within the Magnificent 7. Thus, the breadth deterioration having been discussed regarding the US Stock market certainly is not limited to lagging sectors like Staples and Healthcare, but also affecting US Tech "former leaders" like MSFT -0.33% , GOOGL 1.61% , down 11 and 13% respectively from All-time highs("ATH"), NVDA now down 4% from ATH, AMZN 0.72%  down 8% from ATH, and even META is lower by 6%. Important as the top stock by market cap that NVDA not undercut 137, as this would have the power to cause a correction in SPX and QQQ. Chart of MAGS is shown below
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Wed, October 30, 2024 | 10:42AM ET

⚡ FlashInsights

Wed, October 30, 2024 | 10:42AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
Great earnings beat by GOOGL 1.61%  and the stock has broken out of a reverse head and shoulders pattern this morning in gapping above $169.16. (I discussed GOOGL 1.61%  technicals for those who might have missed in my Technical Strategy report from 10/28/24 "Technology has achieved a minor breakout ahead of Earnings" Today's move is a big positive and should drive the stock up to challenge all-time highs at $191.75
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