drewby4321

drewby4321

IXIC was up 1.87% on 9/14. However, the day followed a bearish trend line. In addition, the bearish trend that started on 9/3 continues. If the bulls cannot reverse the trend, then we can expect a 2-3% drop on Tuesday, or a more severe drop later this week as support deteriorates. SQQQ volume and PCC Call/Put ratio still shows a general downward expectation in...

drewby4321

Here are the sector winners and losers the past week. XLB (Materials) wins out, gaining 1% compared to the other SPDR ETFs combined. XLC (Communications), XLK (Technology) and XLE (Energy) at the bottom. Breaking out XLB into it's top performing stocks for the week, you can see which ones carried the weight of the moves including EMN, LYB and CF. All of these...

drewby4321

Are you tired from your PTON trading workout? Sweating much? :) I wonder how much of this was retail investors losing money. Institutional investors taking profits to other sectors. Look to the market first before evaluating any trade. This week is not the time to look for new long positions in any stock. Will put it on the watch list for the next period of...

drewby4321

The broader Nasdaq Composite Index had a great reversal day, but what comes next? The top 4 market cap players were testing support and resistance lines, indicating indecision on where investors think the market will go. Having one of these make a big move either direction would certainly impact the others and the broader index. Taking a look at overall...

drewby4321

The SQQQ ETF volume is on the rise and overall Call/Put Ratio is dropping down to lowest levels in since 2014. Both are bearish indicators. The CNN Fear & Greed Index is rising as fast as ZM. ;) Be careful out there!

drewby4321

Industrials win this week with tech coming in last. Fedex is up 13% this week and UPS is up almost 30% over the last few weeks thanks to the politics around USPS.

drewby4321

An opportunity for ZScaler as it meets up with it's 50d MA and lower channel line and likely bounces off. This is also the .5 retracement from June 5. Idea is to grab a position now to build enough cushion before earnings to ride the result or get out. Stop loss if it closes below 50d MA. Great product/service as their customers need to secure internet...

drewby4321 Updated 

DOCU has been outperforming Nasdaq Composite since January on the Daily view and since September on the Weekly view. It has stayed 30-40% above it's 50d SMA since a May 6 buy point. If it suddenly goes 2% below the 10d SMA, then I'd consider taking some profits. Otherwise, it would be better to go sideways for awhile and let the 50d line catch back up.

drewby4321 Updated 

Looking back, NFLX fairly consistently follows-thru to outside weeks in the bullish / bearish direction. Just finished a bullish outside week. A little low on volume but a short week.

drewby4321

Now that earnings beat expectations, Starbucks has shown a turn toward recovery. It could be a long time before new highs are made, but here's a projection for modest gains over the next 7 months.

drewby4321

For Growth Investors, there were a few shocking days over the past months where the indexes went up but our portfolios went sideways or down. There's no worse feeling than having the market go up and have your portfolio go down. The cause was sector rotations as investors moved into "discounted" stocks that were hit the worst during the market crash of 2020...