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Just been scrolling through some charts and noticed a few interesting setups worth keeping an eye on. BAC had a solid run after crushing earnings, now sitting near some key resistance around $28.50-$29. If it breaks through, could be another leg up, but honestly might be smart to take some profits here first.
GS is looking stronger lately, pushed through the 50-day and heading toward $200. That's the one I'd be watching on dips. Pretty solid buy-the-dip candidate if it holds support.
Ford's been struggling though. Down after their earnings update and that VW partnership announcement. Dropped below the 50-day which isn't great. Would need to see it clear $9 and get back above that moving average to get bullish again. Meanwhile GM's looking way better, so hard to get excited about F right now.
Now Snap and FB are the ones catching attention in different ways. Snap's getting hammered after the CFO news, down 13% and looking weak. That's more of a short setup if it breaks below support. Facebook though, consolidating right at that old resistance level from 2018. Interesting to see if snapfb dynamics shift, but FB could pop if it clears that mark.
Worth monitoring how Netflix reports Thursday too - could shake up the broader FANG sentiment. Just some observations from the charts.