Generally, the stock price has been trending down since the COVID-19 crash. There has been some significant volatility that looks like it has day traders interested judging by the close of market volume. Today the price broke out the top of the 2 sigma channel which says "sell" to me. RSI and MACD show over bought which says sell to me for a short term...
With the US Government allowing home owners to defer payment on their mortgages, is real estate poised to fall? A good entry point might be when the MACD crosses, or when the recent high is exceeded. Stop loss perhaps at the recent low. Take profit at maybe the recent volume price peak.
Store shelves have been bought out of bread and flour as people prepared for the pandemic we are in. Is wheat overpriced because of an unexpected demand?
Gold prices are consolidating. Given that the US Federal Reserve is printing up trillions of dollars to create an economic boost, it could be a good time to get into a long position.
SPY broke out of a more recent high trend line on the news of a relief bill from the Senate. It looks like it is compressing now at, and also intersects with a trend line from the February 20th down turn.
