Month: November 2020

Watchlist: 11/13 Bear Attack, Friday the 13th, Shutdown

Market Notes: Yesterday markets sold off more than I expected. I’m questioning my bullish call at this point. Futures are up this morning so I’ll keep a close watch. More selling and we could get a breakdown. No surprises on new unemployment filings yesterday. Some of the President-Elect’s advisors are recommending a 4-6 week shutdown …

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Watchlist: 11/11 Obamacare Holding, All Together Now

Market Notes: The Supreme Court heard arguments about Obamacare yesterday. Despite the overwhelming conservative majority on the court signaled a reluctance to strike it down. I noticed more healthcare stocks on my scanner too. I believe the market is pricing in no rule changes. The Dow, Nasdaq, & S&P 500 are all move in unison …

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Watchlist: 11/10 Vaccine Hopes… Take a Chill Pill

Market Notes: Pfizer announced it’s vaccine candidate was 90% effective against COVID-19. While the results don’t include any long-term results this early stage is promising. One thing interesting about the vaccine, it must be kept cold during shipping. I’m keeping a special lookout for refrigeration stocks like HUSN. Travel stocks are in play. I have …

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What are Support and Resistance? And How to Spot these Levels

Support and resistance are import price levels. Traders use them, to determine buying opportunities, profit targets, and placing stops. I’m not going to get into how to use support and resistance. I just want you to understand exactly what the levels are, why they happen, and how to identify them. Here’s a handy reference to …

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