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HomeMarket AnalysisMarket going lower further! Trading Ideas for today - May 4th

Market going lower further! Trading Ideas for today – May 4th

Market reversal started as stated yesterday

  • Another drop of 2730 points yesterday
  • More weakness  is expected today
  • Short term trend changed to down as closed below 20 EMA
  • Medium term trend on chart is still sideways
  • Vix has increased further 5%

Gold testing highs, breakout likely!

  • Today gold hit 2050 levels and close to high
  • Gold trend up on all Short and long term charts
  • We may see big move, if some more bad news come from banking
  • Watch 50 EMA line for immediate support, very important!

ROKU is ready for breakdown!

  • Watch ROKU on daily chart close below 53 can bring stock lower to 48
  • Earnings were weak
  • If breaks 53 levels it can go to 48 levels then 38 levels
  • watch volume at breakout

 

TWOU playing nice short, Continue positions!

  • Yesterday short call worked well it droped 10% 
  • This fundamentally week stock and making new lows
  • This is high potential short idea
  • using previous day candel as SL which is around 4.02

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