29Apr2:56 pmEST
Underwater Sights to See
In terms of assessing levels where TWTR becomes intriguing as a long-term hold, the weekly chart, below, implies that $36 may very well act as a price magnet into the summer months. I would resist the urge to buy with any kind of size unless and until we either see signs of strong hands move on, or the stock moves down to $36 and at least responds to it in some capacity.
Elsewhere, CRM is spiking on a buyout rumor, but was already a decent technical setup. And AAL and some airlines are bouncing back but still down big for the day.
AAPL is also off the lows of the session, but lagging the market in general again.
And WYNN's inability to bounce much, post-Fed, perhaps indicate more downside is imminent.