The headlines are headwinds, then tailwinds, then headwinds all over again. The stock market ominously pulled back from overbought again. "An Overbought Threshold Rejects A Stock Market With Crossed Signals" drduru.com $SPY $QQQ $IWM #AT40 #T2108 #VIX $BA $TOL $BBY $AZO $MNRO $ULTA $AUDJPY #forex
$AZO Breaking 200d - a lot of room back up toward $800 level. Expecting some resistance at $720 level.
Pretty triangles. Looking for it to recover after it hits $680.
Autozone stock is one of the most oversold in the S&P500 and yielded a textbook doji candle today. Tuesday's supports were successfully tested. I'm looking for a bounce into moving averages at 770 and/or 790.
Doji watch: a doji in the makings after last week's selloff and very oversold readings. A close around these levels here at $753 could yield a bullish reversal doji.
Look at the history of these two stocks going back to 2011. They are identical in performance and yet AAP reports its earnings FIRST and the stock tanked 30 points or 15% last month. Autozone reports on Dec 8th and could face a similar fate as AAP since they are in the same business. Lately, new car sales have taken off to the upside and at some point...