In general, a large upswing occurred on Tuesday. Whether it can be sustained will be a TBD. Expect a pull back due to FRE reporting losses. That may bring down FNM & various financials & make C, MER, WFC, WB, XLF attractive. Up one day, down the next.
Also, for August 6th -- Watch how the following perform so as to confirm an uptrend of staying above the recent trigger(s) of any of the recent corresponding 9 day or 22 day or 40 day SMA.
BA, WMI, UNH, CVH, PCP had one of the triggers.
WLT is yet to confirm its trigger, although volatility is very high. So analyze a vertical for same month or an Aug/Sept diagonal.
RIG announces earnings prior to market opening.
PSA is poised to make some moves prior to earnings on Aug 7th.
..................
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment