From a consumer instinct perspective, I still hear about couples hooking up for a permanent union through Match.com.

Match has been under pressure since its peak in 2021.

Activist investors have been pushing for changes post-pandemic.

According to Zacks,

“On the business front, the firm is currently seeing mixed response from paying Tinder users, but its Hinge app posted 48% annual revenue growth to $134 million in the second quarter.”

The reason is making the cut for my technical Monday Daily, is because

1. I still believe that the increasing use of diet drugs will create a new generation of people dating
2. Technically, the chart is interesting.

The weekly chart shows a substantial base forming starting at the midpoint of 2023.

Plus, the price has now cleared the 50-week moving average and is consolidating between $34 and $39.

Looking at the Daily chart:

MTCH is in a bullish phase.

MTCH slightly underperforms SPY.

Real Motion is bullish, but the dots have not cleared the Bollinger Band since August.

I would like to see a close above 38.50.

This is a stock that can handle about a $2 risk as it has to follow through almost immediately in the current environment, or a quick exit is appropriate.

ETF Summary

(Pivotal means short-term bullish above that level and bearish below)

S&P 500 (SPY) 572 support 595 resistance-5800 first time!

Russell 2000 (IWM) Range 215-225

Dow (DIA) New all-time highs again

Nasdaq (QQQ) 485 pivotal support 500 resistance

Regional banks (KRE) 58 is the 200-week MA to hold

Semiconductors (SMH) 248 support 265

Transportation (IYT) New 52-week highs-hard to get bearish

Biotechnology (IBB) 142 support zone 146.50 resistance

Retail (XRT) 75 pivotal support 78 resistance-we must see her in the game

iShares iBoxx Hi Yd Cor Bond ETF (HYG) Back trading at 79.50-watching this coming week to see if market frothy

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