Pre-Market Rundown (June 26, 2020)

Our weekly webinar series – we take a look at the stocks that are moving and some key setups. Plus a look at the news and economics for this and next week.

(Scroll down for video)

Weekly Update

  • Horses Smell the Barn
    • End of Month/End of Quarter
    • Quarterly Rebalance Could Be Significant (Stocks to Bonds)
  • Bullish and Bearish Patterns
    • Holding Above 200 DMA (Pavlovian Response on 200DMA for SPY)
    • Over Bought to Equilibrium
    • Upward Sloping 50 DMA/Flat 200 DMA
  • States/Companies Questioning Re-Opening Plans
    • Texas Phased Opening On Hold
    • Disneyland, Apple Stores
  • Covid-19 News Leads Tape
    • Headline Bombs
  • Market Starting to Price in Democratic Lead?
    • Hope or Reality?
  • New Brokerage Account Openings
    • Sign of Froth/FOMO?
    • Retail Traders – Gambling or Investing?
  • Economics
    • New Home Sales Solid, Initial Claims Disappoint, Durable Goods Rebound (+15%)
    • Next Week: S&P Case Shiller Home Price, Auto/Truck Sales, ISM Manufacturing, Non-Farm Payrolls.
  • Make sure you are on mailing list for webinar updates.
  • Ask About the 4-Hour Online Coaching Program

Movers

  • Stocks to Watch: NCLH, JETS, SPY, WKHS, NKLA, WINS, PTON

Your Symbols

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