Thursday 20 January 2021
$AA reported earnings before the open and now a potenial short on the intraday 2 hour chart with a distributional Stage 3 structure rolling over.
Bitcoin attempting to put in a higher low and moving back through the 10 day MA
$MGI back through the 200 day MA on 174% above average volume for the time of day. So potential for a Significant Bar. Earnings: Feb 21
$PTON Stage 4 decline has made the full roundtrip wiping out the entire 2020 Stage 2 advance.
$NFLX with earnings after the close. It's currently back in Stage 3 after the Stage 2 failure and change of behaviour back in November with the Reversal Significant Bar on the weekly chart. Its currently below the 200 day MA, so a negative reaction could send it into Stage 4.
NFLX is the major stock reporting earnings after the close today. ISRG and CSX are other stocks of note with financials making up the bulk of the rest.
SLB is the main stock reporting before open tomorrow and some more financials as well.
Lower highs again today in the indexes as the bounce fades into the end of the day.
$TSLA looks like one of the potential next shoes to drop as it fails again today to get back through the 50 day MA after forming the lower high. So on breakdown watch.
The tape tells all
NFLX gapping down over -10% in the after hours on earnings. So is another mega cap attempting a Stage 4 breakdown
Silver strong again today
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.
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.