200-day SMA is key support. No bueno for FB is that level is clearly taken out. Plus, not crazy about the lack of follow-thru on yesterday’s breakout but still above the 60m downtrend line & 200-day SMA for now.

I’m expected a pullback off that resistance (yesterday’s highs/price targets) on TLT & /ZB. So far today, the pullback has materialized but one day does not make a trend. The market tends to move inversely to T-bond prices (in line with yields) but more so the larger trends, not always day to day & even then, the correlation between stocks & bonds can be on & off at times. Bottom line: I try not to read too much into a brief pullback or rally in Treasuries in regards to the stock market.

Also daily divergence on the spy daily is playing out. Guess we will see how much juice it has

def bullish sentiment on FB…ride it…..

Agreed, volume not confirming nor has there been any convincing follow-thru so far so not an ideal breakout but a breakout (that is still intact, so far) nonetheless. I still like FB as a hedge to an short on the Q’s & I also think that IF the Q’s rally substantially from here, FB is likely to outperform the index. I’m sure there are some better fish to fry as far as long setups within the index but FB appears to have one of the better R/R‘s among the FAAMGs at this time IMO.