BLK fundamentals are strong (valuation, FCF, EPS) but technicals show a pullback; $1100 is key near-term support.

Do you want to move to your next one though? We've got Black Rockck here. Very different chart much more volatile flat pretty much on the year here. What are you seeing in Black Rockck Jessica?

So again, fell on the same screen and I have these in order of total debt as a percentage of assets. So it's getting a little higher as we go down the list. This one, the total debt as a percentage of assets is 8.5%.

They have really high free cash flow quarter over quarter growth. I had to double check those numbers of over 77%. So that may not necessarily be sustainable. Still some positive 30-day revisions to their EPS estimates.

And the ones return, like you said, relatively flat. still positive in comparison to the previous.

Now they are more attractive from a valuation perspective trading under 21 forward um PE ratio. They've got 59% current year EPS growth. A lot of that has to do with the private market expansions.

Remember they are associated with Nvidia is doing in the financing aspect. So this is a a great way to get exposure to a really a broad portfolio within Black Rockck. But they have potential partnerships even in line with Miss Msubishi, which could strengthen their position in Japan's growing private credit market.

Analysts are still really bullish, but the cash flow is strengthening. And that's what I'm paying attention to as I'm adding this layer onto my stock picks is again from a macro perspective, we're paying attention to the debt markets, which means from a micro perspective, we need to add on that layer as well.

All right, Kevin. So then let's dive into this chart here. I mentioned certainly a very different looking chart than the last one. More volatile uh lots of highs and lows but overall I mean up 5% on the year so underperforming the market. What are you seeing in the technical setup?

Well a really great move though since late June early July. So we've seen about a two-month rally where we rallied 25% up to that 1185 ledge. We've pulled back from there and now this looks like what uh in the intermediate or shorter term window could be viewed as a zone of support.

And I've got a couple of levels to monitor. So we've got the 20-day right above us. Having taken that out with today's action, the the last line of defense actually shortterm at least could be today's low.

So interestingly enough, today's low represents the 23% retracement zone uh which is coincident with the bull flag breakout we made in late July, early August to those 1185 peaks.

Uh but the level below that that really calls out is 1,00 nice and supportive. It was the mid high of this uh weakening area for a lot of the last year. So May's peak was right around 1100 as well.

Uh that's also the 38% retracement of this move up off those June lows. But also look at that 50-day moving average below it in purple. that's catching up to that 1100 ledge, possibly providing additional confluence of short range support.

So, we're monitoring that as well. But, it is nice to see that 50-day crossing the upside uh crossing to the upside through the 200 day, giving us the so-called golden cross here over a longer term time frame.

Uh but we're clearly seeing just a little bit of a breather after after a fantastic short-term move. uh we probably should not be surprised to witness this level of a pullback following a move of that nature.

Absolutely. So, what I've got next is a 90-day chart once more going back to essentially July 1 and uh looking or June 1, excuse me, and and showing that we've got this uptrend in place.

I'm lo using linear regression for a couple of reasons. But notice that 1110 ledge once more, the 200 period sloping moving average upward through uh that area and the uh midpoint here of the linear regression channel, the line of best fit.

All of that confluence of data coming together at about 1,00 again strengthens that price ledge for us. So, um, we're looking a little oversold on the RSI and yet we know doesn't mean a bounce is imminent, but it's at least supportive of,00.

And certainly, as always with the technicals, the reminder needs to be that it doesn't tell us what's coming next. It just helps us understand how to manage that risk. So, if we get down to,00 and bounce, well, then that gives traders a good way to manage the risk at that 1100 ledge.

But of course, a move through 1100 means that we probably witness additional short-term weakness and bulls should be prepared for that as well. So that 1100 [clears throat] is going to be a pretty crux price range for Black Rockck here in the near term if we visit it.

And right now we are about $37 north of that level. We're at 113703 down about 1.6% today.