NFLX Previous Day Commentary – Interesting day on Thursday with b-shaped profile printed during the cash session. Price explored the $490 handle but was quickly rejected leaving Netflix to close on the lows of the day. $460 remains a good support level for now, so any weakness in this stock should present buy opportunities around this … Continue reading NFLX DAILY UPDATE 2ND JULY 2020
Tag: Shares
MSFT DAILY UPDATE 2ND JULY 2020
MSFT Previous Day Commentary – Thursday's trade saw a P-Shaped profile which indicates some short liquidation above the $205 handle on this stock. Similar to Google, we've had quite a strong run over the last 10 days, gaining acceptance in the $200 range. In our opinion this stock is undervalued and has some gas in it … Continue reading MSFT DAILY UPDATE 2ND JULY 2020
GOOGL DAILY UPDATE 2ND JULY 2020
GOOGL Previous Day Commentary – GOOGL had an interesting day on Thursday, printing a double distribution with some single prints between $1464-68. This stock has had some very emotional buying over the last week or so leading to very elongated profile shapes as the price drove higher. In the last week along $100 has to been … Continue reading GOOGL DAILY UPDATE 2ND JULY 2020
FB DAILY UPDATE 2ND JULY 2020
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
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
E-Mini S&P500 Trade
Quick post on a nice setup on the ES (E-Mini S&P) which triggered overnight during the Globex session. We've found some of the best trading setups recently have come when the cash market has been closed, particularly when it comes to inventory setups following the cash close. In this case, we're looking at a breakout … Continue reading E-Mini S&P500 Trade