I utilized my stock screeners to find best stocks to buy now. It is hard to be long these days as my proprietary market indicator signalize that we entered bear market already.
But if you want to buy something these days, check for best stocks to buy now. Example of such stock could be CF.
I have noticed bearish stock chart pattern known as Island reversal on NFLX chart. This bearish stock chart pattern produce two gaps which act as strong resistance . NFLX was leader of last market advance. Now sits right on trendline. It is important to watch how it will act
It is too early to call a top in this NFLX trend, but situation starts to look less bullish. If you hold some NFLX, use trailing stop to lock you gains. It is important to manage your open trades.
DBC, the commodity ETF , regained important support level. But situation is not bullish yet. I do not want to be long commodities etf shares right now.
I think Amibroker is one of the best stock charting programs I know. Developers just released new version 5.40. If you think about good stock analysis software , check it personally
HPQ shares are moving down. The downtrend could push price below 36 USD level. This stock pick is not to buy but to sell.
I have moved V stock into my watchlist for possible bullish trade. I like current action of Visa stock. If it will move above 76 USD then I would like to enter trade on long side.
The top stock pick from previous months – NFLX – is now really weak. I monitor it for possible short sell trade, There is huge space for drop of this stock.
Strong selling during Friday’s session with above average volume indicates possible reversal in uptrend in AAPL stock.
10Y T-Note interest rate is now in bullish chart pattern. If it will break up then we can see move in the yield much higher. This is good tradable global macro theme.
As we noted in our latest issue of ATWEL Global Macro newsletter, gold and silver are looking weak these days.
I have noticed possible short setup in Gold ETF GLD. I am going to trade it in our ATWEL Global Macro fund.
