Evidence

Netflix continues to, you know, just get a bounce and that's it... these stocks, you know, as we've been saying for weeks have been broken names and are are getting bounces in downtrends, but they're still guilty till proven innocent.

— Brian Shannon - Alpha Trends

Amazon continues to drop lower... Yeah, they got a bounce today, but trade it for what it is. It's a bounce in a downtrend.

— Brian Shannon - Alpha Trends

Nvidia continues to be weak and it's pulled into the range where we thought it might... That does not make it a buy just because it's at a level of interest. The most important thing is it's still below a declining 5-day moving average. So, if you're going to trade it for a bounc

— Brian Shannon - Alpha Trends

Meta continues to drop lower. Yeah, they got a bounce today, but trade it for what it is. It's a bounce in a downtrend.

— Brian Shannon - Alpha Trends

Google right on the year-to-date anchor. These stocks, you know, as we've been saying for weeks have been broken names and are are getting bounces in downtrends, but they're still guilty till proven innocent.

— Brian Shannon - Alpha Trends

Tesla, it got a bounce in here today where? Right up to the declining 5-day moving average... Monday we average this data out, meaning that 5-day moving average will continue to decline... I wouldn't be because of the declining 20 and the 50-day moving average.

— Brian Shannon - Alpha Trends

while we're below that declining 5-day moving average, I'm not I'm simply not a buyer. It doesn't matter where we are. We want to wait for it to get back above the rising flat to rising 5-day moving average, and that's going to take several days here for the spy.

— Brian Shannon - Alpha Trends, at 0:00

It's uh clearly a broken stock um in in a downtrend and uh people are you know, I think.

— Brian Shannon - Alpha Trends, at 10:26

Meta continues to be a broken stock. It found supply exactly where it was supposed to. Prior support acted as resistance along with that declining 20-day moving average. The trend is still lower in there. There's no reason to be a buyer.

— Brian Shannon - Alpha Trends, at 3:31

Maybe Netflix certainly isn't. This one I've seen people trying to buy it all the way down. It's got that declining 20 below the declining 50 to below the declining 200 below the declining 5-day moving average. It's in a downtrend. How much clearer does it have to be? There's no

— Brian Shannon - Alpha Trends, at 7:07

There's no reason to be a buyer in Microsoft... Microsoft, you know, it it it's it's down a lot recently. It's an institutional favorite. It's probably due for a bounce, but technically, there's nothing here that says that it looks bullish. So, I I think that if you're looking fo

— Brian Shannon - Alpha Trends, at 7:07

Tesla found supply right where we said it looked like it would... got rejected there perfectly with a pattern of lower highs and lower lows. So, Tesla, it's you know, just I mean if it's a good day trading stock, I suppose, but really nothing else.

— Brian Shannon - Alpha Trends, at 7:07

Palantir, leave it alone. It's, you know, same as Microsoft. It ran into the declining 200-day average and continues lower.

— Brian Shannon - Alpha Trends, at 10:41

Then maybe it gets a bounce..., it's in a downtrend. It's guilty till proven innocent... unless you just love trading Netflix, I'd say just leave it alone.

— Brian Shannon - Alpha Trends, at 10:41

Microsoft also, since we saw that come up to the declining 200-day moving average, it's just been straight down. Dip buyers in here are getting crushed... that remains guilty till proven innocent.

— Brian Shannon - Alpha Trends, at 10:41

Tesla, really just kind of still showing that same pattern... Probably not the best candidate. Stick to other, you know, names that are showing strength.

— Brian Shannon - Alpha Trends, at 10:41

Apple just is you know, can't get out of its own way this week. It made that break to a new all-time high, and then it just got the kicked out of it here. Seems like it's still heading down for a test of the year-to-date anchor low and the 50-day moving average... if you're a dip

— Brian Shannon - Alpha Trends, at 7:16

The Russell 2000 is just nuts. I don't understand this market. I'm not even attempting to to get involved in it. It these moves just are too much volatility for me. I don't see what the edge is in here to to be long.

— Brian Shannon - Alpha Trends, at 3:45

Meta, however, is just garbage. It's broken you know

— Brian Shannon - Alpha Trends, at 10:41

the mags are breaking down. Leave them alone... Eggs continues to do exactly what it's supposed to do. It broke the lower low, rallied up, suckered people in. Now it's probably heading down towards this level.

— Brian Shannon - Alpha Trends, at 0:00

the most important thing that happened this week is it broke below the 5-day moving average. It rallied up and found supply. It gapped up and found supply. Don't trust rallies from an intermediate term. Don't be making buys for a swing trade with a stock with a declining 5-day mo

— Brian Shannon - Alpha Trends, at 13:54

Palunteer came right up to the declining 200 day moving average and did what it's supposed to. Don't trust rallies with a declining 200 day moving average.

— Brian Shannon - Alpha Trends, at 10:34

Meta, it's below a declining 200 day moving average. It should not surprise you to see it break down. It's a broken name.

— Brian Shannon - Alpha Trends, at 10:34

Two weeks ago, Alpha Trends, we bought Google. We sold a quarter of it here. We got stopped out of the balance on this day and it's broken. As I mentioned, I thought it would come down to the anchor from the low as well as the 50-day moving average. I would love to see it maybe c

— Brian Shannon - Alpha Trends, at 10:34

For the NASDAQ, this very violently broke below the 20-day moving average... the path of least resistance is lower. So, you shouldn't be looking to be a buyer. It is now time to play a more defensive posture for the NASDAQ.

— Brian Shannon - Alpha Trends, at 3:24

Netflix is just a dog in a downtrend.

— Brian Shannon - Alpha Trends, at 10:34

Amazon, it broke down as well. It's below a declining 5-day moving average. If you buy below a declining 5-day moving average, you're typically going to get what you deserve.

— Brian Shannon - Alpha Trends, at 10:34

Microsoft came up to the declining 200 day moving average and completely failed.

— Brian Shannon - Alpha Trends, at 10:34

we broke an important trend line. We broke the 20-day moving average... the path of least resistance is lower... it is now time to play a more defensive posture

— Brian Shannon - Alpha Trends, at 0:00

I see a stock though with lower highs and lower lows and it's going to need at least some time to heal. There was no hurry to get involved in Nvidia.

— Brian Shannon - Alpha Trends, at 10:34

Palanteer is just yesterday's news. Uh it's been doing nothing all year and continues to show really nothing uh of excitement.

— Brian Shannon - Alpha Trends

Netflix still stuck below a declining 20 and 50-day moving average as well as the orange year-to-date anchor. So, uh nothing interesting happening there.

— Brian Shannon - Alpha Trends

Netflix just remains trapped underneath the year-to-date anchor, that orange line, below a declining 20 and 50-day moving average.

— Brian Shannon - Alpha Trends

Meta's still having trouble with the declining 50-day moving average in the anchor off the market low.

— Brian Shannon - Alpha Trends

AMD also, you know, another uh strong super strong uh semi stock closed below the declining 5-day moving average.

— Brian Shannon - Alpha Trends

Netflix continues to be a dog. It was trying to stabilize along the year-to-date anchor. It couldn't do that. It's also below the anchor from its year-to-date low and we can see here that that had priorly been support then turned to resistance. The declining 20-day and declining

— Brian Shannon - Alpha Trends

Meta continues to be the dog. It's stuck below the anchor from the market low and similar to the financials this stock made a low prior to the broader market but it's stuck below those anchors. It's at this 5-day moving average is below the declining 20, below the declining 50, b

— Brian Shannon - Alpha Trends

Meta this these guys were stuck against their declining 200-day moving average. They reported earnings, and they are continuing lower... Meta is not a good place for your money right now.

— Brian Shannon - Alpha Trends

Tesla is in a terrible downtrend. It continues to show that pattern of lower highs and lower lows and in this case being stuck below that red declining 20-day moving average.

— Brian Shannon - Alpha Trends

We saw Palunteer continue lower this week.

— Brian Shannon - Alpha Trends

you look at Crowd Strike, which has been a big leader over the years. That looks like a big top in there. So be aware of where we are with a lot of these names.

— Brian Shannon - Alpha Trends

IBM is, you know, a terrible looking stock.

— Brian Shannon - Alpha Trends

Microsoft continues in a, you know, it's a big uh component in the IGV continues to be a disaster.

— Brian Shannon - Alpha Trends

Amazon continues to be stuck under this prior band of support over in here uh making it what I think is dead money below uh the anchor off the tariff flows below the year-to- date anchor below the 50-day below the 200 day moving average.

— Brian Shannon - Alpha Trends

We still see on the daily time frame a pattern of lower highs and lower lows... if you're trading to the long side, we have a high likelihood that this prior band of support in here is likely to become a source of supply on the upside.

— Brian Shannon - Alpha Trends

Microsoft had a little bit of a bounce, but again, when we look at, as we have been this weekly chart, we've still got a disaster in here.

— Brian Shannon - Alpha Trends

Micron got hit really hard this week, right down to this anchor, and there were some great day trades in there that I took, but it's really just not a good environment for buying and holding.

— Brian Shannon - Alpha Trends

the pattern remains lower highs and lower lows... we're still below this declining red 20-day moving average. And we're also below the 200 day moving average. We're below the declining 50-day moving average.

— Brian Shannon - Alpha Trends

If we look at Nvidia, kind of the same story. We're up against the declining 20-day moving average, which is below declining 50, which is below a year-to- date anchor.

— Brian Shannon - Alpha Trends

Google is it it had a nice snapback this week but it's still it's against the declining 20 and 50-day moving average.

— Brian Shannon - Alpha Trends

we're basically in a bearish environment... lower highs and lower lows below a declining 20-day moving average, 50-day moving average... I'm not going to be a buyer over here.

— Brian Shannon - Alpha Trends

Meta got creamed this week and it was already below the declining 5-day moving average. It was already below the declining 20, 50, and 200-day moving average. News and surprises tend to follow the direction of the trend.

— Brian Shannon - Alpha Trends

The Nasdaq, we broke this bigger band of support last week... We continue to be in a downtrend.

— Brian Shannon - Alpha Trends

The Russell 2000 has been showing relative strength. Relative strength to me means nothing. It just means we haven't gotten around to selling it yet.

— Brian Shannon - Alpha Trends

the trend is lower... We continue to have bounces, but the trend is lower... the average participant who purchased since April of last year is now losing money.

— Brian Shannon - Alpha Trends

Look at how this how Microsoft has been below this declining 5-day moving average. There is no reason to buy a stock under those conditions.

— Brian Shannon - Alpha Trends

If good news can't make it go up

— Brian Shannon - Alpha Trends

These markets are in trouble. They've been in trouble. They continue to broadcast the same message week after week. And that's, you know, the only way that you can objectively look at this market is a pattern of lower highs and lower lows.

— Brian Shannon - Alpha Trends

Microsoft is broken. It's making a new low. We've spoken, you know, numerous times over the last few weeks about this trend line and this anchor off of the 2022 lows. The more times any level of support is tested, the more likely it is to fail to hold.

— Brian Shannon - Alpha Trends

Microsoft is failing again in here. It's back below the 20 and the 50 and the 200 day moving average.

— Brian Shannon - Alpha Trends

The Russell 2000 has, you know, was once again this year is supposed to be the one that would lead us higher and it broke out of this triangle that we spoke about two weeks ago and it's just continued on down from there.

— Brian Shannon - Alpha Trends

Apple is looking like it's heading for at least a test of the 200 day moving average.

— Brian Shannon - Alpha Trends

The Russell 2000 failed miserably this week... we don't want to be buyers not what we have lower highs and lower lows with a declining 5-day moving average... Buying this market makes zero sense.

— Brian Shannon - Alpha Trends

we're stuck below the daily volume weighted average price. It's not bouncing at that prior low. It's not trapping shorts in there. We have a market that is in a bearish environment.

— Brian Shannon - Alpha Trends

Micron failed to hold its year-to- date anchor. Don't buy the dip while we're below a declining fiveday moving average.

— Brian Shannon - Alpha Trends

I think it's you know it's more likely that this market is going to continue lower. We're seeing a lot of damage being done... it's just growing uglier and uglier as more stocks start breaking down, and we're losing leadership all over the place.

— Brian Shannon - Alpha Trends

Nvidia still acting like garbage right here on the 200 day moving average.

— Brian Shannon - Alpha Trends

The Russell 2000 failed miserably this week... cash is a position and risk management isn't just something I'm talking about because the market is down.

— Brian Shannon - Alpha Trends

If you look at Microsoft, it's getting a little bit of a bounce, but is this a a trend that you can have faith in? I don't think so. Not with a declining 50 and a declining 200 day moving average... consider it a bounce within a primary downtrend.

— Brian Shannon - Alpha Trends

Palunteer continues to just it's trying to find support in here but it's but the buyers aren't in control... we've still got that 20-day moving average which is declining... still just not that great looking.

— Brian Shannon - Alpha Trends

we've still got Microsoft below the 20 50 200 day moving average... the trend is still lower. So, if you're, you know, the type of person who's looking and saying, 'Well, I'm going to start dollar cost averaging in here'... great. But from a swing trader perspective, there's no e

— Brian Shannon - Alpha Trends

the NASDAQ is continuing to be the weaker uh between the S&P 500 that is. We made it up to the declining 50-day moving average, but weren't able to close above it.

— Brian Shannon - Alpha Trends

I don't see an advantage to being involved in AMD. It's trying to find buyers, you know, support in here, but we've got the declining 20- and 50-day moving average, a declining 5-day moving average, which is basically stay away from it.

— Brian Shannon - Alpha Trends

Apple's starting to stabilize here after that larger sell-off. The 5-day moving average is flattening out. The 50 is declining, so, I don't really see an advantage to being involved in in Apple.

— Brian Shannon - Alpha Trends

Palantir still not really showing any signs of trying to heal... Lower high lower low and lower high. So, the trend is still lower below that declining 20-day moving average.

— Brian Shannon - Alpha Trends

Intel's maybe trying to find some buyers along the 50-day moving average, but it's got a declining 20, it's declining you know and you definitely don't want to buy with a declining 5-day moving average. At a minimum, don't do that.

— Brian Shannon - Alpha Trends

I think it pays to be pretty cautious in here... we're getting ready for maybe bit of a flush lower... if it makes a lower high, then I think if it breaks down from there, then we're going to be in for bigger trouble

— Brian Shannon - Alpha Trends

you don't buy the dip. You don't buy strength... that's not a dip. This is a downtrend. This is a broken stock right now.

— Brian Shannon - Alpha Trends

this market can't get up and rally if we're going to continue to see, you know, so-called leaders not leading, stocks like Amazon breaking down.

— Brian Shannon - Alpha Trends

Microsoft is in trouble. If they don't scare you out, they'll wear you out. Just leave them alone.

— Brian Shannon - Alpha Trends

A stock like Apple gets hit yesterday and there is zero bounce... it didn't hold there at all. There were just sellers in this market. It just continued lower another 2% today after yesterday's big hit.

— Brian Shannon - Alpha Trends

It's still a pattern of lower highs and lower lows below declining 20, 50, and 200-day moving average. This isn't anything more than a bounce in a downtrend until proven otherwise.

— Brian Shannon - Alpha Trends

Netflix still continues to be a disaster. It's trying to find buyers along this anchor, but it's just not proving a good place to be a buyer yet.

— Brian Shannon - Alpha Trends

we've sold off pretty hard. It's possible we could start to rally again, but is there any evidence on the 15minute time frame here with a declining 5day moving average saying it's time to buy yet? And the answer is no, not yet. We're at a level of interest, but we still have a pa

— Brian Shannon - Alpha Trends

look at Google. It got hit hard and is not quite recovering yet.

— Brian Shannon - Alpha Trends

Netflix still continues to be a disaster. It's trying to find buyers along this anchor, but it's just not proving a good place to be a buyer yet... being early in Microsoft and Netflix has been, you know, quite costly.

— Brian Shannon - Alpha Trends

Microsoft has just been an absolute disaster here recently... we still have a pattern of lower highs and lower lows... there's no evidence on the 15-minute time frame here with a declining 5-day moving average saying it's time to buy yet. And the answer is no, not yet.

— Brian Shannon - Alpha Trends

Apple still looking pretty weak. The the the news is it's touching this anchor and trying to stabilize, but trying to stabilize and going higher are completely different things. Just because it's finding support doesn't mean it's going to continue to move higher. it might break t

— Brian Shannon - Alpha Trends