Market Update Into 5/6: All-Time Highs in Play With Biotech Lagging

05/04/2019| By Brad Ritter

1 min read

In this weekend’s weekend analysis using the TrendSpider charting platform, we take a look at the broad market ETFs ripping to new highs while the biotech ETF continues to lag behind. Is the bearish weekly MACD on biotech a sign of things to come or is the market ready for higher levels as the China trade deal outcome possibly approaches.

Weekend Update

TrendSpider Broad Market Update: SPY & QQQ Hit All-Time Highs as XBI Lags

$SPY: Daily vs. Weekly Chart

$SPY daily and weekly charts.

$QQQ: Daily vs. Weekly Chart

$QQQ daily and weekly charts.

$XBI: Daily vs. Weekly Chart

$XBI daily and weekly charts.

$XXII: Before vs. After

This weekend’s “before” and “after” shows $XXII in a symmetrical wedge setup with price nearing the resistance above into midweek. An alert was created in case price action continued to move up and test this area. The chart shows the alert that was sent through a text message. To learn more about this feature, click here!

Before

$XXII "before" chart showing a symmetrical wedge setup with price nearing the resistance above.

After

$XXII "after" chart showing a symmetrical wedge setup with price nearing the resistance above.

Mobile Alert Sent

TrendSpider Alert: Wedge Resistance. Symbol: XXII,D vs none. Break Through at 2.13. Candle time frame: D.

Timestamps Captured

$TEUM

$TEUM charts timestamp.

$AMZN

$AMZN chart timestamp.

Stay up-to-date: Subscribe to posts like this!

Receive automated updates from the Prepare for the Trading Week category

Latest posts

View All

10/23/2026|Posts

Western Digital Stock Crushes Q1 FY27 Estimates With Record EPS as AI Demand Surges

Western Digital Corporation (WDC) stock reported Q1 FY2027 results after the close on October 22, 2026, delivering a sweeping beat on both earnings and revenue as AI-driven storage demand accelerated. Adjusted EPS came in at $4.64, a 14.3% beat versus the $4.06 consensus, on revenue of $4.4B that topped estimates by 5.7%. The company also […]

10/23/2026|Posts

Bloom Energy Stock Drops Post-Earnings as “Sell the News” Overshadows Q3 Beat

Bloom Energy Cooperation (BE) stock delivered a landmark Q3 2026 earnings report after the bell on Thursday, posting adj. EPS of $0.94 (vs. $0.68 est., a 38% beat) and revenue of $1.24B (vs. $1.05B est.), representing 138% year-over-year growth. The company also raised its full-year revenue guidance for the third time this year, lifting the […]

10/22/2026|Posts

Tesla Stock Drops Post-Earnings as SpaceX Merger Speculation Takes Center Stage

Tesla (TSLA) stock reported Q3 2026 results after the close today, posting adjusted EPS of $0.48 versus the $0.43 consensus estimate and revenue of $28.05B against a $27.88B forecast. Despite the double beat, shares sold off in the after-hours session as investors digested mixed margin signals, muted FSD monetization detail, and noise from the bombshell […]

10/22/2026|Posts

Meta Stock Surges on Blowout Q3 Earnings Beat, 2-for-1 Split & Class C Stock

Meta Platforms (META) stock delivered a blockbuster Q3 2026 report, posting revenue of $64.6B and EPS of $7.40 — crushing estimates by nearly 29% on the bottom line. Shares jumped after hours before reversing sharply as investors digested a massive capital expenditure outlook and a record negative free cash flow print. The company also announced […]