META

Probably A Market Top

While we may not be in a full-fledged bubble yet, it doesn’t mean we aren’t on the way to that point. Investors are very exuberant, along with the media, and analysts are rapidly finding ways to justify excess valuations. In the near term, a market top is very likely. The market is currently up 17 of the past 19 weeks, the longest stretch since 1980. More importantly, the deviation of the market from the underlying 200-DMA is reaching rare extremes. Furthermore, as noted above, the market trades 3 standard deviations above the 50-DMA concurrently with market momentum and breadth deteriorating. Historically, such a combination was a decent warning of a near-term market top. - RIA Advice.

QQQ 15min

URA

LABD 60 min

COST could be next.

UNG - MAs starting to move up. Should hit some resistance around 18.  MACD cross is a positive for UNG in the past.

COST has earnings March 7th after the close.  Almost 25% away from 200dma now.

VLCN on the move again.  

Nice move on natural gas overnight.

There goes APPL

Surprised FNGD is up today.   Then noticed SNOW melted last night.

AI up over 5 dollars pre-market. OKTA up 20. 

The Army's Bradley replacement, the,XM30 is supposed to be a hybrid.

  "Beyond Meat said fourth-quarter revenues decreased 7.8% year-over-year  to $73.7 million, which beat consensus estimates of $66.66 million. The  plant-based meat company reported a fourth-quarter loss of $2.40 per share, versus a loss of $1.05 per share in the prior year’s quarter.      

 The company expects full-year 2024 revenues to be between $315 million  and $345 million.    

BOIL 60min

SOXS 60min

BMR

APA - Triple bottom with MACD divergence.  SOXS and TECS oversold with MACD divergence. No trigger yet.

LYFT