TLRY Hits a Key Spot: Weak Trend but Possible Reversal Ahead

 

Above is a daily chart of TLRY, and as you can see, it remains one of the weaker cannabis stocks in the group. Even so, I think TLRY is sitting at a critical level right now. We’ve come all the way back down to the gap from August, the same gap that ignited a strong eight week rally. When a stock returns to a gap that previously launched a powerful move, I always pay close attention. Sometimes these gaps act like hidden support zones that most traders forget about.

At the moment, I have no position in TLRY. The trend is still clearly down, and I’m not in the habit of stepping in front of weakness just for the sake of “catching a bottom.” But if this gap level happens to hold and we see the right kind of candle, something decisive, like a bullish engulfing bar or a large bottoming tail, I might consider nibbling at a new long position. Volume would be especially important here. A meaningful reversal off this level needs heavy buying interest behind it, not just a weak bounce on light volume.

Ideally, before I commit to anything, I’d like to see the trendline I’ve drawn on the chart get taken out. That would tell me the sellers are finally losing control. For now, I’m simply on alert. TLRY is at a key level with the potential for a reversal signal, but I need to see the market confirm it. Until then, I’m watching closely and letting price action guide my next move.

KITT’s Igniting Bar: Why Today’s Move Could Be the Start of Something

 

Above is a 15-minute chart of KITT with the after-hours session shaded in grey, and what really stands out to me is just how strong this stock traded today. KITT has been on an absolute tear, and even as the regular session closed, the momentum didn’t fade. Instead, the stock continued to push a bit higher after-hours, showing that buyers are still very much in control. Whenever I see a move like this, steady intraday strength that extends into the after-hours, it tells me there’s real interest behind the move, not just a one-off spike.

Now, when I shift my attention to the daily chart on the right, the picture becomes even more compelling. Today’s volume completely dwarfs the previous sessions. In my experience, when you see a daily candle with that kind of range supported by such heavy volume, it often signals an igniting bar, one of those days that kicks off a bigger trend. That doesn’t guarantee anything, but it does tell me that something meaningful may have changed in the stock’s character.

That said, I’m not the type who likes to chase a stock after a major surge. I’d much rather see KITT digest this move. Ideally, I’d prefer a lengthy consolidation or even a pullback, something like a retracement of a third of today’s rally before considering an entry. Healthy pauses often reset the chart, shake out weak hands, and build the base needed for the next leg higher. Patience here could make all the difference.

ANIX: A Surprise Surge That Caught Traders Off Guard

 

Today ANIX was up more than 15% on heavy volume, and the price action really stood out to me. What I liked most about today’s move was how it completely caught traders off guard. Yesterday we saw a weak close, with the stock finishing right on its low. Under normal circumstances, that kind of finish discourages longs and gives shorts confidence heading into the next session. Instead, ANIX opened with a gap higher this morning, creating a classic trap for anyone leaning the wrong way. That sudden shift forces weak shorts to cover, which adds fuel to the upside momentum.

When I step back and look at the weekly chart shown on the right side of my screen, I notice something even more important. We’re now pushing toward the early October high, a level that traded with extremely heavy volume. Whenever a stock approaches a major volume node like that, especially after a strong move on big daily volume, it tells me that large money may be stepping back in. That’s the type of activity I always want to pay attention to.

My approach is simple: I try to follow the money. I’m not trying to predict anything or outsmart the market. Instead, I look for signs of accumulation, traps, and confirming volume. Today’s action in ANIX checks all those boxes. If the stock can build on today’s strength, I’ll be watching closely for a clean breakout over the $5 level in the days ahead. That’s the spot where momentum traders may really start to press their positions.

SLV Surges While GLD Lags: A Divergence Worth Watching

 

Above is a daily chart of SLV with GLD plotted in the lower pane, and I want to walk you through what immediately stood out to me. SLV has been on an absolute tear, surging to new highs and showing the kind of momentum that typically grabs traders’ attention. But when I look at GLD beneath it, I see something entirely different, GLD is not confirming the strength we’re seeing in SLV. In fact, it’s moving sideways to slightly lower. This discrepancy is what I refer to as relative weakness or potential distribution in GLD.

Now, before anyone gets excited or jumps to conclusions, this doesn’t mean you rush out and short GLD just because SLV is outperforming it. One of the biggest mistakes traders make is reacting to the first sign of a divergence without letting the market confirm the setup. In my book (Master the Market with Relative Strength), I discuss this in detail: spotting a divergence is only step one, confirmation is everything. Until the market validates the idea with price action, it’s nothing more than a developing possibility.

Looking at the chart right now, we’re not anywhere close to confirmation. For all we know, GLD could easily play catch up in the coming sessions. Divergences can resolve in either direction, and sometimes what looks like distribution is simply a temporary pause before a stronger move. This is exactly why patience is so important in relative strength and relative weakness trading.

I'll be monitoring SLV and GLD closely over the next several days, watching to see whether GLD starts to break down and confirm the weakness or whether it springs to life and follows SLV higher. I just wanted to share what I’m seeing under the surface so you can follow the progression with me.

For more of my daily market breakdowns, you can head over to my homepage: https://therelativestrengthtrader.blogspot.com/

Boeing Rallies on Strong Outlook, Eyes Key Resistance Around $210–$213

 

Today, Boeing (BA) surged higher, fueled by optimism surrounding the company’s outlook. Reports indicate that Boeing expects a year-over-year increase in FY26 deliveries for its 737 and 787 models. Additionally, the Department of Justice penalty, which had weighed on the stock, is now expected to impact 2026 instead of the current fiscal year. Investors are also watching Boeing’s upcoming completion of its Spirit AeroSystems acquisition, which is slated for later this year, adding another potential catalyst for the stock.

The chart shows a significant rally today, accompanied by the heaviest trading volume seen since the summer. This volume spike underscores strong buying interest and suggests that investors are confident in Boeing’s near-term prospects. However, technical traders should note a key resistance area on the chart. There is a gap between $210 and $213, which aligns with prior lows from September that previously acted as support. In technical analysis, such zones often flip roles and act as resistance once approached from below. Given the current momentum, it is likely that this resistance area will be tested in the coming days. Watching how the stock reacts around $210–$213 could provide insights into the next leg of the rally or a potential pullback.