For further confirmation of a trend day, watch for:
VVOLD ratio over +/- 3
Regional Banks - trading with elevated PD vol. if banks can get over PD high, there is room in most names to the upper end of the next range
Support Resistance Inflection
$NASDAQ:PACW 8.0 8.5, 10 8.5
ZION 30 31, 33 31
FHN 11.40 11.75, 13.4
Chinese ADRs - Lower as a group to start after data overnight showed exports in May suffered a sharp drop of 7.5% compared to the previous year, vastly exceeding the minor 0.4% fall predicted by a Reuters poll. Watching for weakness off the open and joining a retracement for a short.
BABA,
Other Watches:
CVNA - over 15.00 if there is a minor flush off the open that is quickly bought.
INTC - over 31.50 if chips see some life back in them.
LAZR - buying on dips near 7.0
Comment what you are watching!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.