Have Your Cake and Eat it Too

Momentum is picking up this morning, with materials miners, banks, and select tech outperforming, among other groups. 

Speaking of momentum, up or down, while Jack Dorsey has been getting hammered due to TWTR's brutal swoon, he is also CEO of Square, which is performing quite admirably in front of February 22nd earnings. On the SQ daily chart, first below, holding over $15 now likely bodes quite well in the coming week or so before earnings. 

And if payment processors see a move in unison higher, bulls may very well have their cake and eat it, too.

Specifically, the second chart is a weekly timeframe for PayPal, which has been incredibly coiled up and is currently recovering nicely from its earnings sell-off. A move over $41, then $42, sets the stage for a massive breakout.