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S&P 500
5,567.19
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1.06%
)
US TECH 100
19,828.00
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0.95%
)
Dow Jones
39,375.87
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0.17%
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MrFarkus

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MrFarkus

Re: mdb1 post# 2847

Thursday, 05/10/2018 10:15:42 PM

Thursday, May 10, 2018 10:15:42 PM

Post# of 10772
That's how this earnings season has been this quarter. Companies announce earnings that beat expectations and the stocks sell off the next day. Just profit taking amidst market uncertainty with everything that has been going on politically. Wouldn't be surprised to see a sell off tomorrow. It'll recover eventually though, weekly chart looks strong. I don't have a position here and am not looking to enter because I'm focusing on other plays, but I'd probably wait to get in around 240. Nice gap down there, prior resistance so now it looks like it wants to be tested as support, and your 5 and 10 sma on the weekly are both just below it. So based on a quick glance, that's what I see.
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