News / Uncategorized
[Platinum Watchlist] (3.17.23) 6 Stocks on the watchlist!
[Platinum Watchlist] (3.17.23) 6 Stocks on the watchlist!
August 21, 2023
Good morning.
Stock futures are slightly down to flat as the risk of financial contagion to more significant banking institutions remain on the minds of traders.
From our watchlist:
GLD closed up 0.20% as price action found resistance at 179.66. There is a large gap to fill below the current price level and the Stochastic is showing a slight rollover, so be aware. If we can break through the current resistance level, the next level for resistance will be at 182.81.
SLV closed down 0.40% with resistance at 20.24 followed by 20.45. Support will be at the 20-day EMA at 19.60. All of the oscillators are in the green. LLY closed up 0.02% at 329.53. We will find resistance at the 200-day SMA at 332.92 where you may want to take some of the position off the table to preserve your gains. Support will be at 326.33.
CPB closed down 0.52% at 54.06 but still trading above the 53.75 cost basis level. Set stops above this level to preserve your gain if risk adverse otherwise support should be found at the 9-day SMA. Resistance will be around 53.75.
XLU closed up .76% to close at 67.62 above the cost basis of 66.95 finding resistance at the 50-day SMA. If price action can push past this the next level of resistance will be 68.26. All of the oscillators are in the green, and like GLS / SLV, utilities provide a place for safety during market uncertainty. XLU is still trading below its 200-day SMA, so keep tighter stops to preserve your gains.
ABBV had a full candle close above the 9 yesterday with all the oscillators in the green. Typically, when this happens a buy limit can be set below that closing price which may get hit with price fluxuation prior to moving up later in the session. Some traders may consider reducing their positions or closing out positions entirely to avoid any unexpected market movements that may occur over the weekend.
This information is for educational purposes only and is not a recommendation to buy or sell a security.
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
[Platinum Watchlist] (3.17.23) 6 Stocks on the watchlist!
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
[Platinum Watchlist] (3.17.23) 6 Stocks on the watchlist!
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024