$QQQ continues to trade near the lows below the yellow trendline. QQQ has been trading within a range between $435 and $446 since March 25. I would wait for QQQ to find a clear direction, but I think the likely scenario is a move back up towards the yellow trendline since the local lows have continued to hold.
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FMC has been building support at $49.25 for about a year now, and is trading within a tight range with resistance at $66.98. I think FMC needs to break above $66.98 to start a rally. For now I would be more concerned about the stock market’s reaction to the Fed pivot before considering any new […]
Read MoreCHPT is trading near all time lows with support around $1.23. I think there could be some upside, but CHPT is a stock with weak fundamentals. The forecast suggests a decline in revenue over the next few quarters so I think CHPT is at risk of diluting investors or trending down lower. Follow me on […]
Read MoreSPDN should be perceived as a hedge against the stock market without using leverage. SQQQ and SPXS are 3x leveraged, meaning that for every 1% decline in QQQ or SPX will result in a 3% rise for SQQQ or SPXS respectively. I think SPDN will provide less upside and less risk for those who want […]
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FMC has been building support at $49.25 for about a year now, and is trading within a tight range with resistance at $66.98. I think FMC needs to break above $66.98 to start a rally. For now I would be more concerned about the stock market’s reaction to the Fed pivot before considering any new […]
Read MoreCHPT is trading near all time lows with support around $1.23. I think there could be some upside, but CHPT is a stock with weak fundamentals. The forecast suggests a decline in revenue over the next few quarters so I think CHPT is at risk of diluting investors or trending down lower. Follow me on […]
Read MoreSPDN should be perceived as a hedge against the stock market without using leverage. SQQQ and SPXS are 3x leveraged, meaning that for every 1% decline in QQQ or SPX will result in a 3% rise for SQQQ or SPXS respectively. I think SPDN will provide less upside and less risk for those who want […]
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