We’ve updated our thinking to the piece from the other day (original post here).
Below is the Put/Call ratio on Nasdaq futures; showing investors have thrown caution to the wind and are overly optimistic.
QQQ is now on the 20 day moving average, which has acted as support for a number of weeks.
AAPL broke the 20 day moving average last night and also broke the rising channel/trendline.
MSFT also below the 20 day moving average.
AMZN on the 20 day moving average.
TSLA dropping after a beat with sketchy earnings. MACD also giving a bearish crossover.
We caution investors to keep stops tight as the next few days weeks could be volatile.
*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.