(2019-01-21, 12:08 PM)shaunattwood Wrote: bear market 1st down leg counter rally approaching overbought
on Friday I shorted PRGS at 34.50 on gap down + negative MACD crossover
holding TSLA short from 340
might short C this week on rally back to 150 day ma
I like your thinking Shaun. good luck with both of those
Golds four week consolidation is looking more interesting with the stocks potentially turning down again. The 30 week MA is turning up again, and the relative performance versus the S&P 500 remained above the zero line during the consolidation of the last month.
The 2 hour chart shows the micro Stage 3 range that's formed, so a breakout above 122.5 could be a potential continuation point imo.
Attached is the weekly and 2 hour charts
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
(This post was last modified: 2019-01-25, 05:37 PM by FOGHORN.)
RE: US Stocks - Watchlist and Discussion
(2019-01-21, 12:08 PM)shaunattwood Wrote: bear market 1st down leg counter rally approaching overbought
on Friday I shorted PRGS at 34.50 on gap down + negative MACD crossover
holding TSLA short from 340
might short C this week on rally back to 150 day ma
What do you think about investing in the cannabis space through STZ, MO or TAP? Not necessarily at this moment, but in general. Also, CGC got an upgrade and price target of $60, wondering if that's a good time to sell the news? Cost avg $35