LABU - Biotech Attractive

Biotech has reversed up from extreme oversold levels. LABU and XBI are attractive for a summer runup to the end of August. LABU has traded up through prior resistance. Weekly

UVXY - Volatility Waking Up, VIX Weekly Golden Cross

UVXY starting to rise up. VIX made a golden cross on weekly chart. Daily

$VIX - 50 and 200 averages

VIX is making a pattern on the daily chart. VIX can still cool short term but conditions are increasingly ripe for a pop in Volatility. Daily has a golden cross and weekly also has a golden cross. Because SPX has made a slow selloff for five months, the VIX will likely pop when SPX is near a bottom under these circumstances. Daily and Weekly

DWAC - Trump Invited to Twitter

Elon Musk has invited Trump back to Twitter. Trump is said to have 80 million followers on Twitter, and could have a large voice once again soon. The closing of the Twitter acquisition could be a catalyst for DWAC stock. Daily

SPX - Lower Low

SPX is trading around the February lows currently. SPX making a lower low though it won't be by much. 4,400 is resistance and then up at 4,800 a retest of the highs. Daily

XBI - At Longterm Trendline

Biotech is testing the longterm trendine now. These lines are not always perfect, but Biotech should see support soon. One reason it does seem heavy is that XBI has had a big bull run for many years as shown in this monthly chart. Monthly

UVXY - Still In a Downtrend

UVXY is still in a downtrend on the weekly chart. Notice that UVXY is more active this year. It's tradeable as it grinds lower. The 50 weekly is keeping a lid on the price for now. Weekly