Stocks in Focus📅 —
CRWVCoreWeave
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90-Day Chart
CommentaryCRWV seems to be bouncing off support into today's close. It could be a good setup for tomorrow morning, when it is unlikely the market will have to fight as it did today in overcoming IBM down 24%.
NOWServiceNow
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90-Day Chart
CommentaryNOW was pulled lower in the premarket by the soft preliminary report from IBM. With its own earnings due later this month, traders are betting that the sell-off in NOW is overdone. Agile traders may benefit from establishing a small entry, held against this morning's opening lows.
XOMExxon Mobil
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90-Day Chart
CommentaryThe continued conflict in the Strait of Hormuz will likely generate a bid for large oil names like XOM and COP. The longer the impasse continues, the higher crude prices are likely to go. Repeated failures to establish a settlement of the issue has compromised the Administration's credibility, and investors will think twice about sounding the all-clear.
COPConocoPhillips
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90-Day Chart
CommentaryThe continued conflict in the Strait of Hormuz will likely generate a bid for large oil names like XOM and COP. The longer the impasse continues, the higher crude prices are likely to go. Repeated failures to establish a settlement of the issue has compromised the Administration's credibility, and investors will think twice about sounding the all-clear.
DALDelta Air Lines
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90-Day Chart
CommentaryThe market reaction to the resumption of hostilities in Iran is not nearly as bad as it could have been. For the time being, market participants are taking in stride the unfolding story in the Strait. WTI crude is more than $2 off of its intraday high, indicating that investors are just not all that worried. Maybe a harsher reality sets in over the coming days, but for the moment DAL looks to be on sale. Agile investors may ride it for a quick trade back to recent highs.
NFLXNetflix
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90-Day Chart
CommentaryNFLX is holding up fabulously in a tough tape. The chart hints at investor accumulation after a two month slide. Expect traders to establish long positions with a discernable stop two points away at 74.50.
NVDANVIDIA
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90-Day Chart
CommentaryNVDA is down with the rest of the chips and AI world, but it is holding nicely around support and looks primed to benefit from here if we get a mid-morning recovery from the frantic opening selling.
INTCIntel Corporation
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90-Day Chart
CommentaryINTC is indicated to open in the area of key support, about 117. As one of the easier to trade semi names, INTC may offer a simple way to leverage the reaction to Samsung earnings. Active investors are likely to try small entry on the open, remaining vigilant for a mid-morning rally.
UBERUber Technologies
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90-Day Chart
CommentaryUBER is down in a rising market, possibly behind a small price target reduction (from 102 to 100) at Wells Fargo. The morning sell-off has brought UBER to support around $72, which may serve as a very good stop, even if it is a bit tight.
AXTIAXT Inc
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90-Day Chart
CommentaryAXTI, along with much of the chip sector, is showing life in the premarket, as traders revisit the sector after a sell-off over the past two weeks. Agile investors will likely look to $53 as a stop for any new involvement during Monday's trade.
AMKRAmkor Technology
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90-Day Chart
CommentaryTraders are revisiting this name, along with the rest of the chip sector. The $68 level makes a convenient stop for new involvement, though experienced traders will likely be patient for better pricing during the mid-morning trade.
VSATViasat
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90-Day Chart
CommentaryVSAT may be moving higher in sympathy with SPCX, which will soon be added to the Nasdaq 100. VSAT is extremely whippy, though. This trade is very tricky and not for beginners, as the market has yet to fully determine the extent to which VSAT should follow SPCX.
AEHRAehr Test Systems
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90-Day Chart
CommentaryAEHR is getting a lift from the general pre-market rise in chips. Experienced traders will watch for better pricing off of opening highs and maintain stops at Thursday's lows.
WMTWalmart
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90-Day Chart
CommentaryWMT opened well this morning and seems poised to recover from yesterday's sell-off. News of WMT being named in a baby formula lawsuit may have triggered an over reaction of selling.
KLARKlarna
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90-Day Chart
CommentaryReports say that KLAR has just won a $1.5B anti-trust case against Google. This news looks likely to be a catalyst for a new leg up in the stock.
UMACUnusual Machines
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90-Day Chart
CommentaryAdded to Russell 2000. Great technical consolidation around $18.
INODInnodata
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90-Day Chart
CommentaryINOD has based at the top of the gap created by its last earnings announcement. This level should constitute strong technical support. Agile investors might also consider, as a corresponding component of the trade, selling out-of-the-money calls in the two-week range.
NVTSNavitas Semiconductor
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90-Day Chart
CommentaryNVTS has collapsed into a level that approximates near-term support.
MRNAModerna
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90-Day Chart
CommentaryInexplicably aggressive selling has kept a lid on MRNA for months. After a string of positive news items, the sellers may finally have lost their handle on the trade. The recent breakout above $60 is sustained in the face of a fairly challenging tape in the broader market, pointing to a likely continuation higher.
IBMIBM
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90-Day Chart
CommentaryIBM is not bouncing meaningfully from yesterday's huge decline. Perhaps the preliminary results indicate a medium-term shift for investors. The chart hints at technical damage that has yet to play out completely. Risk-tolerant traders might look to enter this trade on the short side to capture continuation of the downside move.
CELCCelcuity
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90-Day Chart
CommentaryEnthusiasm for yesterday's breast cancer drug approval has all but vanished in today's pre-market. Agile investors will likely seek to exploit any wrong-footedness on the part of investors who took the stock up yesterday.
IONSIonis Pharmaceuticals
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90-Day Chart
CommentaryThe pre-market action indicates significant technical damage following reports of the failure of an ATTR cardiomyopathy trial. Experienced investors will wait for the froth to settle and watch IONS closely for the next day or so for continuation to the downside.
FCELFuelCell Energy
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90-Day Chart
CommentaryBreaking news of an alliance with Siemens seems to be responsible for this morning's spike in FCEL. However, agile traders may fade this up move, in light of supply overhang from the recent secondary offering.
MSTRStrategy (MicroStrategy)
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90-Day Chart
CommentaryRecent MSTR capital manuevers seem explicitly targeted to affect the share price, which is generally not a good sign for the health of the underlying business. Caution is warranted here, and experienced traders will likely look for opportunities on the short side, particularly if Bitcoin fails to hold 60K.
OUSTOuster
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90-Day Chart
CommentaryReports of a $200 MM secondary offering at $55.22 are putting pressure on the stock in today's premarket trade. The timing of this offering, after a 3 month run-up of over 250%, calls to mind similar scenarios where other companies sought to take advantage of their own overpriced stock. Agile investors will watch closely for a breakdown below $55 in the coming week.
AAAlcoa
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90-Day Chart
CommentaryReports of $4B acquisition are giving breath to a new leg lower. Any substantial price recovery from today's opening low will likely be faded by agile traders in the mid-morning and afternoon.
KTOSKratos Defense
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90-Day Chart
CommentaryDrone funding announcement from the Pentagon is not likely enough to break the months long downtrend in KTOS. Agile investors will look for an opportunity to fade this up move over the next day or two or three.
RKLBRocket Lab
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90-Day Chart
CommentaryRKLB moved higher in sympathy with SPCX and ASTS. However, SPCX is likely dealing with the same overhang issues generally faced by massive IPOs. Experienced investors will be wary of upgrades in the space for the near term.
ASTSAST SpaceMobile
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90-Day Chart
CommentaryEnthusiasm behind the Bluebird launch may be overdone in the near term.
VSHVishay Intertechnology
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90-Day Chart
CommentaryVSH is reported to have priced a secondary at $50, about 10% below yesterday's closing price. Agile investors may opportunistically leverage the resultant overhang for the next few days.
UPSUnited Parcel Service
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90-Day Chart
CommentaryNear-term recovery is so far capped by resistance around 110.
NVCTNuvectis Pharma
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90-Day Chart
CommentaryNVCT rallied on the announcement of a license agreement for new compounds. Significant reversal signals in Friday's trade hint at possible downside. This indication would be confirmed if NVCT slips below 26.5 in today's trade.
DHID.R. Horton
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90-Day Chart
CommentaryTrump's refusal to sign the housing bill is pushing housing stocks higher in today's trade. However, momentum for the legislation is huge, and a resolution of the impasse between Congress and the White House seems likely. The result could be a significant retracement of the gains we are seeing today.
LENLennar
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90-Day Chart
CommentaryTrump's refusal to sign the housing bill is pushing housing stocks higher in today's trade. However, momentum for the legislation is huge, and a resolution of the impasse between Congress and the White House seems likely. The result could be a significant retracement of the gains we are seeing today.
KBHKB Home
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90-Day Chart
CommentaryTrump's refusal to sign the housing bill is pushing housing stocks higher in today's trade. However, momentum for the legislation is huge, and a resolution of the impasse between Congress and the White House seems likely. The result could be a significant retracement of the gains we are seeing today.
AGIAlamos Gold
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90-Day Chart
CommentaryAGI cut its production outlook. Pre-market move lower suggests technical damage that may result in the resumption of the downtrend.
HQHorizon Quantum Holdings
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90-Day Chart
CommentarySignificant reversal action during Thursday's trade. Look for a resumption of the reversal.