This is a great spot to watch Visa, as it is right on a prior support line. This makes for a low risk entry, as you can get out of a trade if you're wrong with minimal damage to the position, since you're entering at an optimal spot. Let's see tomorrow where it opens. I usually give the market 15 minutes to shake out and see which direction it wants to go. ...
TGT recently (almost) completed a gap fill and bounced. If we get continued upside tomorrow, look for a move back towards $163. If we have weakness in the market, or in this name in particular, if that support eventually breaks I'm looking for a move back down towards $150.
Radian Group (RDN) is sitting right on a support line that was established on a daily chart . This price level was resistance in June, resistance again in early and mid November, and held as support for three days last week. Radian has been in an up trend recently. We saw some dark pool activity in this area, as well as some options flow. The options flow wasn't...
Wayfair (W) is sitting right on a support line that was established on a daily chart . This price level was resistance in July, support in September, and held as support all last week. The level was breached once but it did close above. Wayfair has been in a down trend recently. The point where it bounced Tuesday was right at a Fib Retracement from this big run it...