Market Traction Update September 24th – Update 1


The overall market is down again with trade talks dominating the news cycle.

NBL: is coming off a little even with light sweet up a little.

IBM: getting hit a little as well.

CSCO is having an inside day vs Fridays action, but this is good as long as it stays bullish with a positive day.

Mentions:

MSFT: having a pretty solid day given the gap down and fill so far.

NFLX: if you jumped into this today with the stock down then you are having a great day since it has rallied off of the 50 day SMA and ran through the 100 day SMA.  you may see some slight resistance up here with these tops.

CTSH fell from high on Friday but rallying

MOMO: probably never touched this one since it has been bearish since it has dropped since the webinar

KBH: watch for earnings 9-25…watch for interest rates this week

LEN, PHM :watch for interest rates this week

LNG: Rallied but selling into a new high that it made on Friday with pure selling afterwards

CRC: breaking out…up over $4 since webinar (consider rolling)

CAH: selloff from highs made on Thursday

PAGS: selloff from highs made on Thursday

 

Bearish Mentions:

ABBV: never triggered

NVS:  never triggered


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