SPY - the grind higher continues as SPY approaches the all-important Jan 30 pivot of 418. Over the last week SPY has either held the PM support or PD high. Looking for either of those levels to hold to potentially expect higher prices later on as we haven't needed the ADD pinned near +\-2000 and VVOLD ratio over +/- 3 and TICK cumulating past 0 wicking to +/-900 to see those trend days lately.
Oil stocks - higher as a group with crude trading up more than 6% premarket the move following a surprising announcement by OPEC+ to cut more 1.1m barrels per day of current production. Second day continuation in play.
SYSS- E MW Nano Dimension increases takeover offer for Stratasys for $20 a share. The board of Stratasys, a 3-D printing company, will review and evaluate the proposal. Big opportunity as there is about $3 of room to the $20 offer price. Be cautions as the offer is being reviewed and is not accepted. RVOL is only 1 at this time, but three green body bars PD with a wick yesterday. Gapping over all resistance so plenty of room to 20.
Other Watches
EVGO - if support is confirmed at 7.00 (PD low and 20 EMA) , looking for a bounce trade to 7.60 as EVGO is still in play following an incredible earning report.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.