CVAC had a $16 IPO entry price and peaked at $65 today. This shows why I love IPOs for stocks that enter into the market. This also proves why I hate many traditional broker accounts. Lots of traditional broker accounts don't give you access to the early level IPO price for the first hours the stock hits the market, and this is one of the most annoying things in...
Amazon is likely to pay dividends as standardized estimates report 1.2~% return. Hold the stock, investors will sell off before earnings for a slight second time. After that, the stock will reposition itself higher.
Watch for a strong close above $1,740 for a potential measured move to $1,900 (prior cycle highs).
Set a stop with a close below around $1,680
It is only a matter of time until gold retests highs, for those who are more inclined to 'trade' gold, which i do not recommend, then there is a potential nice bull flag shaping up.
-TradingEdge
Potential H+S pattern on Morgan Stanley (MS)
May wish to wait for further confirmation of the breakdown before entering, if you choose to enter now, i would use a close above the right shoulder as an initial exit.
P.S. The H+S pattern i noted on JPM also seems to be developing quite nicely, overall the financial sector (XLF) is one to keep an eye on
-TradingEdge
