If dowjones manages to stay above 32570 tonight then it may touch 33300 & 34300.
32570 happens to be previous swing low & thats only hope for dowjones tonight.
Traders can buy Dowjones or it components with strict stoploss of 32550 with above mentioned targets.
SPLK is shifting to a trading range pattern as it enters a new all time high level. SPLK gapped and ran up strongly out of a mid-trend short-term bottom.
INTU is completing a very short-term bottom formation, and moved up on strong volume. The all time high is well above the price for a Swing Trade run on momentum.
MCD is struggling to form a short-term bottom at a non-support level. The stock had been under heavy distribution which triggered High Frequency Traders selling short as well as Pro Traders selling short, even while new Retail App Broker Investors were buying into the downtrend. Buy on the Dip strategies are in play, but the large lots overwhelmed the retail small...
EPZM ran quickly out of a very short-term bottom with High Frequency Trader action. High Frequency Trader algos are focused on 3 major industries at this time. This is creating opportunities for retail Swing and Day Traders who can enter with the Professional Traders, who are setting up for the High Frequency Trader algo triggers.
CAT has a Buyback style momentum run that encountered profit-taking by Professional Traders recently. The vertical Angle of Ascent™ was too steep and ultimately technically unsustainable.
IBM has been trending sideways, and recently filled the gap up from 4th-quarter earnings in 2018. IBM has formed an intralevel short-term bottom, which is at a short-term completion level.
WDC ran speculatively out of a retest of its recent short-term bottom. A gap series formed with an exhaustion gap below resistance from the failed attempt to complete the bottom.
FDX is an example of a failed short-term bottom formation. These bottoms develop too quickly and are unable to fully complete the formation. This stock is now poised to retest the prior candlestick pattern lows for support.
TSN has been trending up, rising out of its short-term bottom that completed in February. The trend Angle of Ascent is steepening, and speculation increases. Entries at this level are higher risk.
Incyte Corp. has overlapping white candles on a strong move out of a short-term bottom. The overlaps are caused by pre-market open selling that gaps the stock down. The run up shows strength within the buy side.
PYPL has risen out of a short-term bottom that completed in February to reach new highs. The stock may shift sideways soon to pattern out speculative price action.
Tiffany Company had the highest percentage gain for the S&P500 on Friday, defying the overall stock market rout that day as stocks slumped downward. TIF ran up strongly on a positive earnings report after an at-open minor gap down. The stock has completed the initial phase of a short-term bottom. Looking for an entry to move higher above this resistance, perhaps...
