Overnight Moves
Here are just some of the charts we looked at today; in total, we looked at thirteen charts during the morning call. Things have been relatively quiet overnight, so expect today to behave the same. We have to wait and see how gold performs today, but in general, we do not see any obvious opportunities in the metal space.
S&P500 Index
This morning still follows the trend of sideways movement we saw last week. Last week, Thursday, we touched the swing lows of December last year, which is largely due to the Bitcoin sell-off. Looking at the levels, we see 7,000 and 7,050 being our key resistance points. The upcoming non-farm payrolls should act as a catalyst and push us back into all-time highs or down back into the range.
Amazon (AMZN)
Amazon had a major move to the downside after earnings, and has found some support around $200. There are some gaps on the chart from where we currently stand till $220, and then from $226 till $232.
Hims & Hers Health (HIMS)
Hims & Hers Health has been in the news for the last couple of days regarding the copycat situation, and the stock is currently down 16%. The volume seems incredibly elevated, and we last saw volume like that last year in June. We think this is one to watch, as we see the stock moving up to $21/$22 with a stop-loss at $18.50.
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