Watchlist 2023-02-01 #AMD #EA #BIDU #HLIT #MTCHSPY had an impressive hold of the 400 level PD, making sure to fake out any early longs in the morning, allowing it to grind higher for the rest of the day. The focus today in FED decision. The fed funds tool is pointing to a 99% chance of a 0.25 point hike coming from the Fed so most attention will be on the comments from Fed Chair Powell on any indication of further slowing on hikes from the Federal Reserve.
EA - down 5.6 ATRs in the PM. Statistics show that stocks gapping down more than 4 ATRs with a RVOL of <2. 40% finish the day green. Looking for price to test and fail under 116.25 on vol to consider a long. No short IMO.
BIDU - still on radar. Looking for support to form between 141.50 and 139. 24
HLIT - capitulation at 12.91 yesterday at the close. IMO sellers are out now if we stay above key level. Buying dips off 13.00
AMD - great earning beat, expects earnings to improve in second quarter. Pivot and 200 MA resistance at 79.00. No longs unless the is a flush out with tight R/R
Other short watches, MTCH, AMGN