US MARKET AT CLOSE
| DOW JONES | -367.17 | -1.08% |
| NASDAQ Composite Index | -132.09 | –1.08% |
| S&P 500 | -48.29 | –1.16% |
| RUSSEL 2000 | -37.100 | –2.10% |
Market reversal started?
- Dow closed 367 points lower today
- Big reversal after shooting star candle
- Short and long term trend is still UP
- Medium term trend on chart is still sideways
- Todays crucial FED meeting can make rise the vix further
Cisco System ready for breakdown!
- Watch CSCO on daily chart close below 46 can bring stock lower
- Results are on may 17th
- If breaks 46 levels it can go to 42 levels before earnings
- watch volume at breakout
TWOU can be another victim of AI after Chegg bloodbath?
- Today we have seen sharp decline after Chegg earning reports
- This fundamentally week stock and made new all time low today
- Big breakdown today with high volume
- This can be high potential short idea with SL of 4.62
CACI International ready to make new high?
- Seems like this Defense company stock is ready for new highs as earning for good
- Can be good for long swing trade If tomorrow this close above 20 EMA
- Use 50 EMA or 300 level as support
- Be careful for gap it come down 300 level first before the up move
- Watch for market moves, it can come down further if market goes down after fed meeting!
