Looks like the recent bounce off of 420 has ran its course, bears are now gaining back control. To think that this rebound didn't even touch the 50 day MA (at about 460 now), I have to draw a conclusion that the market is still weak on the long side. Next we are likely heading towards 400.
Look at the hourly chart, this stock has been trying to break through the resistance at around $54.50. It has been making higher lows so the uptrend is valid, but not able to break through after testing said resistance a few times. It would seems the pressure is building upward and we could see a break out to around $70 very soon.
Very solid company, growing year over year consistently. Trucking is in demand for the foreseeable future. Looks like a great entry right about now, target $23.
When Cramer is pumping, you know it is not the bottom but the bottom is near, like within 15%. But Cramer pumping will give a short term relieve, so I think PYPL will recover to about $200 then start the next leg down to $150-$160. I have done some rough evaluation on the incoming/revenue of the company and feel like around $150-$160 is a fair price for PYPL.
The market might find its bottom very soon, and KR is one of my favorite stock to trade. Strong, consistent, innovative. Very likely bound off its 200 day average near $39.5, price target $44.5.
I personally feel EXPI is a company that has great potential. It is getting close to a bottom for swing long entry. As you can see there are two major support levels around $34 and $31.
It might touch 465 today or tomorrow and rebound. Probably not going to fall to 450 level. Some of the recent high flyers will continue to slow down, such as TSLA, AMD. Energy stock and value stock still has quite some room to grow. Example of value stocks for me are: WBA, CMCSA, AA, EPR.
The bleeding after ER seems to be slowing down, daily range contracting. Might be near a bottom or rebounding very soon.
It’s debatable this triangle is a bullish or bearish pattern, but it like is about to make a big move. The brokerages (for example TD Ameritrade) are making the short borrowing on this stock quite expensive and won’t let people buy using margins, since both upside and downside risks are very big. The thing is a lot of the current stock holders are no weak hands...
BTU might have found a strong support near 11.15, and generally in a pretty big demand zone. We still need a lot of coal, as simple as that. This stock has wild swings so be cautious where you enter.
This stock has found a bottom yesterday and trending up in a nice rhythm. Looks like it will keep the momentum for a few days. Some nice profit to be made since this stock ATR is like $16 man.
I think we will have Santa Rally this year, the SPY will edge up slowly, possible to see SPX 5000 around year end.
The pull back on Friday is moderate, the gap on Thursday haven't even been touch and should serve as a strong support. We are going up for the near term.
I think there are a lot of demand around $3000. AMZN is doing pretty good expanding into new market. New World is a decent attempt at gaming.
With the expectation of raising interest and tapper, dollar index is surging higher. It appears the dollar index will be over 94 very soon. The stock market is likely to be a blood bath next week.
Looks like a up swing is due soon. Bouncing off around $3373.
I don't particular like feel NFLX will be bullish long term, but everybody else likes it. I entered a short position three days ago, price target around 550.
Lots of large cap stocks are due for a retracement. First drop target would be the yellow trendline and the 50 SMA, at about 370.