Mar. 24 at 3:11 AM
Cruise stocks ripping as oil drops 🔥 Consumer discretionary leads today's rally but the chart still looks rough.
$XLY +2.21% to
$110.12 but still -10% QTR and below all major MAs.
$RCL the standout — +5.81% to
$278.96, RSI 45, 1.46x volume. Watching for a reclaim of
$287 (SMA 20).
$CCL $NCLH riding the same tailwind.
$XLK +1.23% to
$136.95, RSI 44 — tech bouncing but stuck under SMA 20 at
$138.95 and SMA 50 at
$141.48. One day doesn't fix a -4.88% YTD bleed.
Bounce or bull trap? Fading until
$XLY clears
$113.70.
$RCL is the cleanest setup near-term.
#Stocks #TechStocks #ConsumerDiscretionary
