Big week for risk across U.S. equity & treasury markets.
Tag: Stocks
NFLX DAILY UPDATE 2ND JULY 2020
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
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
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
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