24Apr12:08 pmEST

Various Toppings in Dispute

To be sure, given the lack of immediate downside follow-through by bears for any bout of weakness of late, it remains to be seen if the major averages buckle sufficiently to even tempt a retest of the March lows, be it the Dow, S&P, Nasdaq, or Russell. 

However, various individual names continue to operate poorly, some of them rather prominent names for this market cycle like Boeing. BA, below on its updated daily chart, has the look and feel of a chart wanting to dive lower and not only retest its March price lows but also breach them with authority. While it is true that being short BA runs the risk of any sort of bailout or Buffett news hitting the headlines at any moment, such is life on Wall Street if one chooses to short stocks. 

Also note various large cap banks remain soft even as the QQQ, once again, displays resilient spirit again so far today. 

A few other tickers of note: PTON squeezing on news again, and DKNG trading for DraftKings 

Stock Market Recap 04/23/20 ... Saturday Night Chart for Tho...

 
BackToTop
 

This website is intended for educational purposes only. | © 2020 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site