INTC had a good day for some reason but it did not have enough skoocum to close above the last swing high. I expect it will have to build some more cause (consolidate) but it does look like there has been a change of character. Daily:
DIS has seen increasing volume recently, but still hasn't broken out This is the relative strength, DIS/SPY If DIS can break out here, it looks certain to outperform the market for the first time in almost 3 years. But if DIS fails to break out, it may still be able to consolidate. ie it may not fall far if it does fail. If you want to bet against a theme park, there's SEAS, which has gone straight up all year
SAP, German software developer with a market cap 147B, is threatening a breakout. It looked above and failed, for a line connecting rising tops this week. Set an alarm for this over 127.16 (only a 3.5% move from here), to look for a long. I don't think it will happen right now with October coming around.
SHW is a less-volative stock (ATR only 1.40%) that may be providing an entry. There's the 50 ma, and a prior resistance that could be used as support Went pretty much straight up for 2 quarters, but only a 33% rise. Further evidence of low volatility.
DG is whispering something, kinda muffled, but it sounds like "buy me, buy me" reaccumulation range target matches the base range target, and from this low volume pull back it has potential for a 40% upside
Hello everyone i am new to this group/forum and also just started learning and trading in the markets.Long story short i worked for a company for 8 years that i invested a good portion of my paycheck into there profit sharing in my early 20's.Fast forward 15 or so years later and forgetting all about it i stumbled back across my E*Trade account and had almost $30k. Thanks for letting me join this forum anybody have any tips, ideas , strategy things i should learn before making any moves ( i am not wanting to copy your system i intend to research and learn like everyone has) just some advice to help me get started.Thanks ps I've been looking at GE and Ford from what little i know those look like some potential earners.
bump for the weekend of 10/20 - 10/21 i ought to start contributing to this thread lol i always say i will but then end up having a busy weekend...maybe this w/e!
9 days ago (Oct 11) may have been the bottom. Seems like stocks are using the 200 ma as support...be wary of stocks which have failed that one. I guess we rally to 2850-2870, then see if 2710 support holds. Things should be clear once the midterms are done. So anything that held above their low from 9 days ago and is at/above the 200 ma is probably good. Interestingly NVDA fails these things. Beware that it has bearish divergence in weekly chart and is more than 2x its 200-week ma. Warning for a pullback in that one.
