FB Previous Day Commentary – Facebook is a funny one currently, we're off the opinion here at SG that this stock is potentially running out of gas. At a macro level, the company has issues around their advertisers which will impact their revenue, as well as continual privacy concerns which appear to dog the platform non-stop. … Continue reading FB DAILY UPDATE 2ND JULY 2020
Tag: Day Trading
AMZN DAILY UPDATE 2ND JULY 2020
AMZN Previous Day Commentary – The stock that continues to drive higher! Thursday saw a strange profile shape, gapping up with price exploration higher but closing on lows. It should be considered good value for any trade back down to $2800 range, as this stock appears to want to drive higher. We will look for any … Continue reading AMZN DAILY UPDATE 2ND JULY 2020
AAPL DAILY UPDATE 2ND JULY 2020
AAPL Previous Day Commentary – Apple traded softer on Thursday prior to the long weekend, printing D-Shaped profile which indicates balance & equilibrium between buyers & sellers. Closing on lows around the $364 mark, which is previous resistance, it's expected that we gap higher once the market opens later today. The key levels will be from … Continue reading AAPL DAILY UPDATE 2ND JULY 2020
ES Daily Update – 2nd July 2020
E-Mini S&P (Sept) Previous Day Commentary – We had a nice distribution on the ES yesterday, with some relatively bullish sentiment and some very technical pullbacks in the morning & afternoon. This market is so incredibly technical, in that, if you understand the mechanics of market profile, some great day-trading opportunities present themselves multiple times a … Continue reading ES Daily Update – 2nd July 2020
NVDA DAILY UPDATE 2ND JULY 2020
NVDA Previous Day Commentary – NVidia like other big-cap stocks traded strongly off the open, printing an open drive following the market's positive reaction to ADP employment data. A P-shared profile was printed on the day, indicating some short covering, and value being found higher. Like Google and a couple of others in the mailout today, … Continue reading NVDA DAILY UPDATE 2ND JULY 2020
NFLX DAILY UPDATE 2ND JULY 2020
NFLX Previous Day Commentary – Netflix continues it's significant bull run following a very strong day in trading, some short covering was evident above ATH ($473) with some emotional trading at the upper end of the profile. Like Google, the lower end of yesterday's profile needs to be filled out further for this to be considered … Continue reading NFLX DAILY UPDATE 2ND JULY 2020
GOOGL DAILY UPDATE 2ND JULY 2020
GOOGL Previous Day Commentary – GOOGL, like other tech stocks traded bullishly yesterday, with a strong open drive off the open, following a positive market reaction to ADP Employment data. As a result, we had a P-shaped profile, which indicated value was found higher as we spent time and transacted volume at higher prices. What is … Continue reading GOOGL DAILY UPDATE 2ND JULY 2020
FB Daily Update 2nd July 2020
FB Previous Day Commentary - Solid open drive on Facebook yesterday, creating a P-shaped profile on the daily TPO chart. This indicates some short-covering above the $230 as well some significant buying - many people see this stock as cheap at this price given the recent price fluctuations. If price can stay above $236, we … Continue reading FB Daily Update 2nd July 2020
AMZN Daily Update 2nd July 2020
AMZN Previous Day Commentary - Amazon was quite bullish yesterday, confirming that the company is likely to continue to benefit from global lockdown measures with a massive shift to online sales. We're using AMZN as a guide when trading U.S. equities, particularly Nasdaq 100 components. Yesterday saw solid open drive which began a trend day … Continue reading AMZN Daily Update 2nd July 2020
AAPL Daily Update 2nd July 2020
AAPL Previous Day Commentary - Apple traded quite technically yesterday opening at 365 following positive reaction to ADP data published pre-market. P-Shaped profile indicates that value was found at the upper end of the daily profile where time was spent, and volume traded. With the right momentum, Apple could trade above 367 today and begin … Continue reading AAPL Daily Update 2nd July 2020