If I wanted to make a trade here, it would be playing the downside with a bearish put spread.
INFO is in a strong and durable uptrend.
What you want to know is if it is too late to buy Intel? I would not buy the name today, that's for sure.
SNAP has an impressive base formation on its weekly chart. Here's how we'd play it.
The fundamentals may be constructive but the charts and indicators of the regional bank are not particularly compelling.
Stay long INTC and consider adding to longs on available price weakness.
How does one approach these markets? How does one interpret what they see before them?
Shares of the food delivery company have rebounded in the last month but will need to contend with overhead chart resistance moving forward.
Talking heads finally see what's going on under the hood; the indicators barely budge; and the utilities are now knocking on the door of my target.
Here's our latest analysis and trading strategy on the shares.