AMZN when these trend reversals happen then overhead MAs become R, market is slow enough traders paying attention right at the 50ma @ 267 gap fade. Of course fading the earnings pop at 285 was great for 30pt 2day pullback too today 267 right at 50ma
* Goldman's defense of ISRG & $725 trget looking really good now, the 200ma cutting across there at 524, how things go from hot to not hot after hedgies & funds dump the tops.
PANL was sweet both ways again & $1 fade from 34.50 really liked that Samsung symp play but true the top faded again.
COST shud have mentioned yest another earnings top fade , wasn't a prayer it was going higher earlier this week & WMT hit top R across at 74 also pulled back, secret for COST pullbak is the weekly , no fund manager isn't going to lock that in.
* WHR & HD same for these teflon don's too, you already noted WHR R at 120, so while everyone's cheering these new highs fades were everywhere today
On the XOP one more to add to the energy/exploration list -->RRC .
EOG pushed up in the am to 132s after this momo then similar profitaking fade as with XEC, was expecting more of a run with EOG did do +$10 but XEC sure eclipsed , it also did $2 PB after two early pushes up.
(and IOC rolled over a bit which made some very fast moves up 56-75 )
ACI ANR sneaky little bounces thurs/fri, wonder if the coals & steels like WLT AKS or X might be bottoming again? Usually 3 tags to the oversold spells bounce time ...
$COG $CAR $VLO could be the next Apples, Barron's says outperforming the S&P 500 and could prove to be the next big momentum stocks, Barron's contends.
no shit, lol.... those runs like for XEC the first of the year were nutz, glad you caugh that, peeps watching 1.5% moves on AAPL while these did 30%