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[Platinum Watchlist] (5.25.23) 4 stocks
[Platinum Watchlist] (5.25.23) 4 stocks
August 22, 2023
Good morning.
The DJIA is down this morning while the Nasdaq and S&P surge due to NVDA earnings results. Yesterday I was at a funeral all day and didn’t get a chance to check on the portfolio until this morning.
FOLD had a wide trading range but managed to close above the 200-day SMA. The MACD is still flat as well as the Stochastic and the RSI remains above the 50 level. Support remains at the 200-SMA.
STX closed above the 9-day SMA which is support with some resistance at 61.68. There is a slight rollover of the Stochastic, however the MACD and RSI remain in the green.
BWA close slightly above cost basis with support at the 20-day EMA and resistance at the 50-day SMA. All the oscillators are still in the green.
ANET price action remains above the 9-day SMA. The MACD and Stochastic remain in the green while the RSI has fallen below the 50 level. Support will be seen at the 9 with resistance at the 20.
There are no additional positions for the watchlist from either the Horizons or <200 stock lists today. Make sure you protect gains with stop limits and take profits with Sell limits in accordance with your trading plan and risk tolerance level.
Even with the excitement surrounding NVDA, market conditions remain uncertain with the debt ceiling discussions still in limbo. We have two more trading day left prior to the three-day holiday weekend.
Have a great day. This information is for educational purposes and not a recommendation to buy or sell a stock.
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