Watchlist 2023-04-27 $SPY $HOG $MSFT $PACW $XRX

27 апр. 2023 г.

SPY - As mentioned yesterday -" Looking for break and hold below 406 and a break and hold over 408.30 for continuation in either direction". We had our move lower despite the positive earnings for the tech giants like MSFT. Bias is short today until we can close above 408 on the hourly. After two big moves lower, we might see movement contracting and could even get an inside day.

For further confirmation of a trend day, watch for:
AADD pinned near +\-2000
VVOLD ratio over +/- 3
TTICK cumulating past 0 wicking to +/-900

HOG - Q1 Earnings, Revenue Rise, but credit Is weighing on financial unit . Looks like a buy over over 39 if RVOL picks up over 2.5, especially as PD was a wide range red bar.

MSFT - day 2 continuation over 297. Although 297 is only the PM High, it is above the High vol node that formed PD. IF we get above there, I think we can at least test the daily high at 299.50 especially with META reporting position results.

NASDAQ:PACW - shorting weakness under 10.90 where a nice support formed in the PM and is confluence with the PD low.

XRX - Since there was a look above 15.60 and rejection ,still expecting a move down to 15. Looking for a rejections of the inflection area of 15.50 to enter a short as this is a failure to accept the new range.