Happy a new, fresh, and awesome week. Today is Monday and its the first day of the week to start trading as am super excited to sit back and see what this week will be like and try to finish the month of February in good spirit with positive momentum. The market continues to hold its strength as it had a strong close upward trying to show bullish continuation.
The DOW NASDQ, and SP 500 all closed in the Green, which is an indicator of a bullish move. The whole month of February I’ve noticed few signs of trading charts, during this time, I’ve noticed buying stocks at its support area is allot more rewarding versus trying to buy a stock at its breakout resist area. This seem to work intraday and on daily charts. Furthermore, I’ve seen great press news get released and lots of hype comes through by volume and momentum to see a stock built higher highs but once it reaches that resistant area, volume slows down, and we see selloff. Its the same thing on certain great chart patterns on daily for possible swing and hold. Once a stock reaches that resist, stocks aren’t making breakouts and instead I see selloff. So, be aware of the market condition and its behavior when trading. For me, its either buying low at a good support area, and not chasing a stock spiking 20, 30, or even 40 percent and try to see if it will breakout. Thats my intake and feedback of what I’ve witnessed in recent weeks.
Can’t wait to hear that bell ring, as am so optimistic about what the future will deliver when trying to trade.
Here is today’s iTwitsTrades Watchlist:
$S (Announce the formation of the Seamless Air Alliance – which will usher in a new era of innovation for airlines on all routes)
$NXTD (Today announced a network services agreement to allow devices that are integrated with the FitPay Payment Platform[TM] to provision tokenized payment credentials through Discover® Digital Exchange (DDX)
$KOOL (Today announced the commercial launch of its AXP II system for the advanced isolation, collection and storage of hematopoietic stem cell concentrates from cord blood and peripheral blood.)
$SNCR (today announced it has been selected by Sprint to lead the transformation of its online environment for business customers.)
$CNIT (CNIT Receives $1 Million Cloud-based Ad Terminal Order for Heze, Shandong Province)
- $ +2% w/ only 4m in float and falling wedge in a downtrend could lead to a nice spike next week. Bullish with support @1.6 On high watch next week break of 1.75 and then 2.
- $TRVG +5% w/ lots of support @7.65 as continues to b on a trend line support plus 50 SMA key level. 30m in float which is a little higher float that means slow gainer than fast rip stock. Market Condition, buying support is a lot safer vs. buying at breaking resists.
Today’s Market Briefing:
Futures were sharply higher this morning, appearing to continue the surge seen Friday. The late-month increase may not be enough to get the market back to breakeven for the month, with the Dow down 3.2 percent, the S&P 500 down 2.7 percent, and the Nasdaq down 1 percent. (CNBC)
It’s a busy week for economic numbers but just one is on today’s calendar, with the government issuing new home sales for January. Consensus forecasts call for a 4 percent jump in sales, partially reversing December’s 9.3 percent decline. (CNBC)
Today’s Pre-market Gappers:
Today’s Pre-market News Scan:
Friday’s Overall Market view:
Friday’s Top Gainers and Losers:
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