[isatrader]

Markets set to open lower again today as the test of last week rebound continues. Nasdaq emini futures approaching the low overnight so looks like a volatile open today. So will be watching for where the areas of RS are and assessing the weakness.

   

---

$HOOD one of the few showing strong RS so far

   

---

$FIGS from the watchlist showing RS

   

---

Rough day in the markets. But only the $FFTY IBD 50 has broken last weeks swing low so far. So growth taking the biggest hit today, but still is still the furthest from it's August swing low

   

---

$MELI from the watchlist with spring type action attempt at the low of the gap up significant bar form early August

   

---

$LCID from the watchlist and in the strengthening Automobiles group, pulling back at the top of its developing weekly Stage 1 base.

   

---

Major indexes and sectors intraday thumbnail charts

   

---

$ONDS new one for the watchlist in late Stage 1 (which is called Stage 1B) / potential Phase D of the base structure

Year to date Anchored VWAP: 9.43
Anchored VWAP since SC: 7.82

Strong volume move through the 200 day MA today, will be watching to see if it develops a SOS or BU

   

---

$ONDS putting in a significant bar on the intraday 2 hour timeframe today. i.e. large price range with strong close on the bar + heavy volume and clearing levels of resistance

   

---

$DATS showing excellent RS today and the second significant 2 hr bar since the base breakout. Have raised my stop to BE and looking to add on the next pullback if constructive and on lower volume.

   

---

$IRNT showing good RS today as it forms an intraday Stage 1 base on the 30 minute timeframe. Still watching for a squeeze type move in this one.

   

---

$LCID spiking after hours, reversing todays pullback on production news so watching for a Stage 2A breakout attempt