The stock of the video game producer looks like it could trade sideways for a while, a fresh buy recommendation from an analyst notwithstanding.
These recently downgraded names are displaying both quantitative and technical deterioration.
Plus, the market needs to start paying attention to weekly continuing jobless claims, which are continuing to climb.
Traders could find these short-term risks ahead, according to my read of the charts.
The 2022 Tax Loss Selling Recovery Portfolio was a true bomb, but hope spring eternal for 2023.
Sellers of the videogame giant's stock have been more aggressive than buyers for several months now -- not a positive sign.
It seems to be time to err on the side of caution when dealing with the Invesco QQQ Trust.
Berkshire Hathaway's involvement and MoffettNathan's case are enough to consider buying in.
The toymaker's technical signals are improving but it doesn't look like a buy yet.
In past years the Tax Loss Selling Recovery Portfolio has performed pretty darn well versus the broad indexes; that isn't the case this year.