Quinceanera

Ally Financial (NYSE:ALLY) is doing all right, but it’s still range bound. It’s going to take some serious weakness in financial stocks to get it to crack the horizontal support.

Boeing (NYSE:BA) is doing nicely, and it has gone down every day since I suggested to premium members that it might be a good bearish setup.

Bank of America (NYSE:BAC) is obviously also going to require overall weakness in bank stocks, but it is much closer to a breakdown than, say, ALLY. This is a terrific topping pattern.

Caterpillar (NYSE:CAT) is a slow mover, but it’s getting there. This chart doesn’t capture just how much a drop-zone there is beneath this pattern. This stock is super-highly valued.

Cummins (NYSE:CMI) had a good breakdown today, so I dragged the horizontal support line lower (since I wanted to reset the alert level).

I entered my John Deere (NYSE:DE) position on Friday, and it’s pretty much a twin of the CAT setup.

Foot Locker (NYSE:FL) is working its way toward horizontal support. The long-term trendline is already broken.

Weakness in energy stocks helped drive Halliburton (NYSE:HAL) lower.

The small caps have been trapped in a range for literally the entire year. It goes without saying I’d like it to work below the bottom of this range, which would constitute a major trendline break.

Magna International (NYSE:MGA) powered higher, but it dropped again, forming a shooting star pattern.

My semiconductor plays have been losers. I got out of MCHP and ON last week, both at losses (and good thing, too, since ON absolutely exploded higher on Monday). I am still in Micron (NASDAQ:MU), however.

Royal Caribbean (NYSE:RCL) is weakening, as people are slowly freaking out again about Covid.

Timken (NYSE:TKR) had an insane day, but in the end, it was much lower than last week.

Tronox (NYSE:TROX) is still neatly below its big saucer reversal patttern.

Finally, Travelers (NYSE:TRV) is in the same situation as BAC and ALLY—the entire financial sector needs to weaken, and all this fellows can then melt away.

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