i'll do a quick round up of charts to follow through on what i presented in the last blog post particularly in this case the above the 40 blog post so here's the s p 500 it is still churning and still refusing to break that all-time high i suspect that when it does it will be a big move similar to what happened back here in april but we'll see we always want to get confirmation first as far as the nasdaq the nasdaq is looking pretty interesting it confirmed this 50 day moving average support right here by buyers taking things up the last three days it looks like the nasdaq is poised to challenge uh this double top here and if man if that breaks it is off to the races for some summer fun for the indexes here now let's take a look at the small caps this is looking even more interesting iwm or the ishares russell 2000 etf has been on a mini tear this week or i should say the first two days of this week and looks poised to break out of this trading range that's been in place for the entire year pretty much and if it breaks this all-time high again it could be off to the races in fact i'm putting iwm on my buy list i should have had it on the buy list yesterday now the vix once again is not quite cooperating it is despite these growing bullish signs it is hanging out here and churning at the recent lows so that is a wild card we want to see the vix break down further for the bullish run to continue if it continues to hang out here even with the major indices going up i'm not going to trust the move and i'll be very wary now let's take a look at the charts that i posted in the last above the 40 post as i noted on that last post which um talked about friday's trading action i sold my martin marietta materials stock right here it was a very reluctant cell but i just thought the stock was looking weak as it broke down below this 50-day moving average and it's bouncing back even though the 20-day moving average this dotted line here is look going down it's looking like martin marietta may want to come back once again i'm actually not going to chase it one more time i think the the gas is running out a little bit here and it probably will churn for a while so i'll keep an eye on it because i like the commodities and materials space but i'm not interested in rushing back in like i did the last time after i got faked out now kohl's is looking like it wants to confirm a successful test of this post earnings intraday low so i'm still hanging out in my position here and still looking for a test of up overhead 50 day moving average resistance match group worked out very well it was a short-term play on holding this support here at the 200 day moving average the blue line let me extend out the chart and you can see that the test of the 50-day moving average resistance happened all in one move so it was a four percent gain uh four percent yeah four percent gain for the stock i went ahead and took profits and to hit my profit target right away i got my eye on this one i'm going to keep buying it every time it hits or gets close to this low or support and of course the 200-day moving average is another entry potential entry point square i didn't do anything with this one it's also looking like a classic 200-day moving average trade for a bounce to the 50-day moving average i've got my eye on it i might get into it on wednesday tomorrow we'll see um and just to note at date stamp today is june 8 2021. whirlpool is another interesting development i bought a put option right here when i thought that the stock had confirmed the 50-day moving average breakdown so it was a follow-through selling point then the stock immediately gapped up on me here uh for a let's see what was that a almost a one percent gain but the 50-day moving average resistance held and now the stock is coming down i am really uh wary about the housing plays right here whirlpool is a housing play because it sells appliances that people will buy when they get new homes or when they move and a lot of the stocks are just looking very wobbly and i covered this in my housing market reviews if you want more details go to the website and check that out a new stock that i found and i'm sure lots of people have already found this based on the twitter chatter i was checking out today on on today's almost 12 loss so i saw this stock celsius holdings c e l h because it hit a new all-time high last week and it is it's a breakout move uh if you look here this is the former all-time high and this line here marks the breakout so the stock broke out in a big way with a 15 move and with today's 12 drop it's almost testing that all-time high that would be a good entry point as long as you keep firm on the stop below this breakout day because once it falls below this point that becomes a false breakout and then you know anything can happen from this point so i'm glad i'm still just watching and i didn't try to chase it on monday's trading action i got my eye closely on this one but it's a buy as long as it stays in this breakout zone up in here all right next one cciv churchill capital court this spack holds my favorite ev play which is lucid motors when i grow up i hope to own one and buy one if i'm very fortunate uh i'm glad i stuck by this one it helps that i like the car and uh the stock as i mentioned in the blog post the stock broke out if you didn't own any shares this would this is the time to buy on the follow through to the breakout and you can see buyers are just marching this one up higher uh who knows how far this can go next resistance let's say is around here at 30 at the la at this peak point but i just want to hold this one i'm really a fan and this is one of the rare stocks i plan on holding for an intermediate or long-term play next up docusign docusign was the big surprise last week with a monster with a monster what was this 20 post earnings move buyers are still pouring into this one you can see up here with these bars the stock is opening and closing above its upper bollinger band as a reminder the bollinger band describes the volatility of a day-to-day volatility of a stock and is defined here by the black bars if i pull out you can see docusign has been stuck in quite the trading range in fact for almost a year it's been stuck in this trading range so while this move is impressive it's still nothing compared to where the stock has been stuck so it's a little dicey to buy here particularly after a big move this is really one that will interest me once this trading range gets resolved either to the upside or to the downside but until then i'm just watching schlumberger i mentioned this one was a perfect move off the 20-day moving average again this dotted line i bought a little bit late but i love this one i'm a i'm a fan of the energy space as a contrary play for 2021 it didn't work out last year but i'm back at it again and schlumberger looks like i'll just accumulate the stock if the market wants to gift me lower prices i'm taking it otherwise this one could just keep churning higher for the rest of the year from what i can tell and then finally zoom video communications of course this is a stock that was a play on everyone having to be work from home and be in lockdown and use video communication technology to stay in touch and to do business now with the pandemic coming to an end effectively coming to an end in the us zoom is going to have to really scramble to come up with a new narrative and a new story i think they're trying to do that but after earnings the stock pretty much went nowhere it even drifted down to the 50-day moving average you can see that down here and then word went out that kathy wood bought more zoom stock she's a really big fan of zoom as a innovator and a disrupter and you can see here the buyers took it up five percent five point three percent and then they followed through the next day with another two percent move this is uh zoom is now in a bullish move in a bullish position it's reversed it's post earnings losses it's making post-earnings highs so even though this area here is probably going to serve as tough resistance to grind through i'm i'm thinking of zoom hitting eventually the 200-day moving average it's really hard to do options on this one because the timing can is very uncertain at least to me you can see all this grinding action that zoom has had on its way down tells me that it could take a while to get to this 200-day moving average resistance not to mention it would take some serious buying power to break through this upper bollinger band and push through to this kind of resistance um in any short order so have to be patient with us this one maybe buy a few shares sit back and and look at what happens the stop of course would be on a new post earnings low which would go below the 50-day moving average so this is the premier version of the follow through for 122. leave any comments uh in the youtube channel or on the blog i'd be interested in feedback whether this is helpful this is a way for me to just quickly go over charts that i mentioned in the blog it's much faster to produce stuff this way than to to write up another post and uh you know because it takes time to write a post i don't often follow through on stock charts and sometimes i follow through a little late so hopefully this format can be a little bit more timely for folks who are interested take care happy trading good luck much success to everybody and until the next time