S&P Looking to retest highs. This will be the third attempted breakout above 3000. If it fails, I feel there's enough negative news to push stocks much lower.
May Jobs Report continues to disappoint (+75,000 jobs)
Continued trade wars intensify
Market hopeful of Fed Rate cut in July
Bond market pricing in 3 rate cuts in 2019
If I was a market maker, I'd rile up some morning panic selling on the morning after an extended weekend and continue all week until my bag was full. Last weeks volume was the 4th best volume week in the history of the stock, which is usually followed by a quick change in direction. This stock should really get moving if it can break 207.
Buy 1/2 position...
After finishing a 400% rally, large selling pressure consolidated in 10-14 range which was followed up by more upward momentum. The recent 3 week leg up was large with slightly above average volume.
Looking for slowing volume as a possible short entry after a nice upper wick prints
This ticker has been pushed down around 75% on increased red candle volume for quite some time now and just filled it's gap from 10.71 to 8.43 (all the way from 35). Look for more volume and capitulation as market makers prepare for next bull campaign and fill up their baskets...unless the fundamentals of the company are just terrible and I didn't look close...
8000 bitcoin shares moved the needle almost 10% today. This is the largest move upward i've seen in months on extremely light volume. Even 2 days previous traded 9400 shares and moved the needle just 2%. Looking for breakdown around 9,100 as market makers begin selling
Beyond Meat is one of the most bought stocks on Robinhood, with valuation now larger than the industry. With many competitors entering the market, weak financials (-28M '18 EDITDA on 90M revenue), and volume and price action resistance over head in mid 90's. I took a short position at 88, risking ATH 97, with target at 70