The stock market is flashing RED—but some charts are showing relative strength. In this week’s Market Pulse, Mark Yegge examines struggling AI stocks, emerging watchlist setups, and what market timing signals mean for covered call investors.
With VTI and QQQ showing red signals and SPY shifting toward yellow, Mark explains why protecting capital, managing position risk, and following your trading plan take priority.
In this October 23 Market Pulse:
• NVIDIA (NVDA), SanDisk, and IREN: selling pressure, failed breakouts, and key chart warnings.
• Apple (AAPL) and Roku (ROKU): relative strength, cup formations, and potential breakout setups.
• Gold vs. Bitcoin: comparing GLD’s weakening chart with IBIT’s developing cup-and-handle pattern and golden cross.
• Tesla (TSLA): moving averages, consolidation, and what needs to improve.
• Cleveland-Cliffs (CLF) and Avantor (AVTR): fresh bases, accumulation, and industry group strength.
• Oil (USO): breakout strength and the influence of geopolitical headlines.
Mark also demonstrates CashFlowIQ’s new Stock Stories feature, AI coaching, and proprietary Genius Strength tools to show how chart analysis can support a rules-based covered call strategy.
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For educational and informational purposes only. This is not financial advice. Investing and options trading involve risk, including possible loss of principal. Past performance does not guarantee future results.
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