From Zac Mannes, ElliottWaveTrader: Best count appears to be an ending diagonal for wave (5), but the stock is due for the retrace in "b" of 3 towards 108.
From Zac Mannes, ElliottWaveTrader: Even if one wanted to count more bullishly than an ending diagonal for wave (5) on the chart, you still ONLY have 3 waves up (of near equal size) into earnings, which are huge warnings signs.
From Garrett Patten, ElliottWaveTrader: IBB has now more than satisfied the target for wave v of (iii) at around 287. So be on the lookout for a corrective consolidation as wave (iv) of iii now with 274.17 as the ideal support target below.
From Zac Mannes, ElliottWaveTrader: Best Buy Co., Inc. (BBY) needs a move back over the 200 SMA at around 32.80 to confirm the start of v of 1, which points up towards 37. I do not want to see the current low for iv broken.
From Zac Mannes, ElliottWaveTrader: Textron Inc. (TXT) is looking good in wave iii of (iii). It can consolidate in this 38-35 region as the iii-iv and then head up toward 39 for v of (iii), but should not at any point break under 34.80.
From Zac Mannes, ElliottWaveTrader: Yahoo! Inc. (YHOO) appears to be in wave iii wave of 3, where it should power ahead towards 38.81. The alternative potential is an expanded flat for the blue wave 2 down towards 31.
From Garrett Patten, ElliottWaveTrader: Ideally this pullback in DDD is just a (b)-wave of v, with the (c)-wave setting up for near 17. However, it is possible to count the 5th as complete already if price breaks below the 200 day SMA.
From MPTrader: In the aftermath of its Dec-Feb 15% correction, NIKE, Inc. (NKE) has carved out a recovery-rally pattern that exhibits bullish form within a larger Jan-Mar accumulation formation.
That is creating upward price pressure towards a confrontation with key resistance lodged between 62.00 and 63.50. If hurdled and sustained, this will trigger upside projections to 69-70, and then to 72-73 thereafter.
At this juncture, only a decline that breaks 58.00 will compromise the promising set-up.
From Zac Mannes (ElliottWaveTrader): CBS in a 3rd wave up (within a larger 3rd wave), and should hold the 200 declining moving average over 49. Resistance is 55-57, and from there the 4th wave should hold 51-50 before continuing toward 62+.
From Garrett Patten, ElliottWaveTrader: JOY has a potential leading diagonal off the Jan low, so the chart looks to be positioned bullish, but ideally a corrective retrace is needed before continuing higher.
From Zac Mannes, ElliottWaveTrader: SUPN has consolidated nicely after the Feb spike-up. The ABC down from Aug also counts very well, even if the LT pattern is messy. Measured move targets 19 with support in the 12s.
From ElliottWaveTrader(net): CHUY had a nice-looking 5 waves up from the Jan 2015 low, but now is in a corrective move down towards a possible 50% retrace. Has rallied back from the 27 level, but must hold 30 on any pullback.