NOVEMBER 10 2021 / SUZANNE NOUKAHOUA
Okay, O’Reilly Automotive giving us all the wintery cheer. While the Nasdaq and S&P500 are breathing heavily after a sprint to the 3rd standard deviation, they have both proved to not have the stamina of Usain Bolt. It’s neither here nor there, as there are always corners of the markets looking to pop, and ORLY is giving us Christmas Reindeer as it tries to lift off above back to bullish or positive stacking on the MACD and burst out of this wedge formation.
Let’s see if positive momentum will give us the lift-off we need to retest those all time highs and beyond.