Usmarkets
Doomsday awaitsThe company has made great strides rooting itself in the world for established territory but the energy is exhausted plus with the worlds current pandemic influencing the economic flow, Bezos has no choice but to sell more in order to innovate and keep the business afloat. More automation will be added to the company as a whole taking away the human element a great deal forcing them to pay more in taxes.
Be ready because demand is, and remember nothing goes straight up or straight down but this is meant for shorting
Be Safe
Here is a buy setup in SLACK. $WORK (Short term trade)Strong probability of Slack to continue moving higher:
1. Technical indicators are bullish and rising,
2. Price is above the two moving averages and acts as support levels.
3. Corona Virus, people working from home and using Slack.
Canopy Growth Corporation $CGCdouble bottom and positive divergence for $CGC. Watch for break out of $25.64
"Translate Bio is heading up"It hit the trend resistance, rsi broke the trend though. This stock would be healthy after it broke $13. However, weekly volume is well above average for two weeks.
SPX Long IdeaJust a trading idea, not trading advice.
Quit the shock of a move over a little bit of virus fear that will almost certainly soon blow over.
Not even 100,000 recorded patients infected to date, with a world population of over 7,700,000,000.
Some predict further, some predict recession, some predict the end of the world.
At least in the short term, I predict a dip that is about to reverse.
Let's see where it goes shall we?
Opinions?
Applied Materials: watching behaviour in the resistence lineAfter the little downtrend from the last days I see a possible entry possition in this stock.
But, I will wait a little bit in order to see how it will bahve in the resistence line.
What do I mean?
If the RSI and Stochastic revert it might indicate that the trend is changing and the price will increase.
Besides, the stock is trading quite below the moving average from the bollinger band (important).
It is also worth to mention that the stock have had performed quite well during 2019 showing a bullish trend (which has been shown with the orange lines).
Full Bear ModeI honestly thought we'd get a better pullback than we did last night in the futures. Obviously that didn't play out and right when I went to bed, the futures started selling off.
Now...I'm an Elliott wave trader by trade, so I use that lens to view the technical aspects of charts.
What I can see here is that we may be looking at another bloody day tomorrow (02/26), however we need to keep an eye on the open tomorrow. IF we get some sustained buying tomorrow, it will indicate that we're in for a larger pullback up to ~3250. IF we continue to have selling tomorrow, I would target that next support line for a buying entry.
Know that we will probably get a large pullback up eventually, whether that is tomorrow or the next day. It's a bit hard to time with all of the mania around the virus going on.
Honestly right now I'm focusing on gold and silver, and some good tech plays for long term calls as these prices go down.
Good Luck My Friends!
$SPY Weekly Outlook Feb 24 2020Futures are pointing towards a lower Monday open, 333.92 is key pivot point, if we can push above this area in pre trading or at market open longs could be profitable on the day. the 21 day ema as seen on chart is also key, a break of this could provide more downside to the 50 day ema 326.80.
I will update during the week...