Possible Short Plays Week 5/2 - 5/6
The market is poised for some short term upside so it may be a bad week for shorts. But some of these value companies may see some weakness if tech outperforms next week
$Campbell Soup(CPB.US$
$Campbell Soup(CPB.US$
Watch for a correction down to trending support or previous highs from several weeks ago.
Watch for the bounce or break of support in this 4 hour price channel.
ULTA has broken down out of a trending price channel and has retuned into a long term ranging pattern. Could possibly fall to ranging support.
MCD has broken down from it uptrending channel. It has formed a new downtrending channel to trade off of.
HD has been hovering above long term support for a while now. Any positive or negative catalyst could cause a bounce or break of support.
JNJ is resting on support. Indicators are showing weakness. Price could say in the 4 hour channel. Woth keeping an eye on.
A new price channel has formed. Price consolidation is happening near all time highs. Watch for a break of this range.
PG has been in a clear uptrending price channel for a longbtime.
Watch for a break above resistance of all time highs. Indicators are pointing towards possible weakness so we might see some possible downside soon.
Watch for a rejection of previous all time highs. There is also a possible bounce or breakdown of long term trending support.
If you zoom in to the 4 hour candles you can see a possible range forming.
This company had very good earnings leading to the gap up. This is bullish but if the market has another very bad week then watch for the gap fill.
Break down of uptrend seen here on BMY. There is also a gap down associated with the trend break where the market opened up below trending support. Very Bullish.
More weakening trends on long term and short term charts.
Price is correcting after making all time highs near multiple resistances. Its possible that the price will return to the shorter term channeling support or climb back into the longer term uptrending price channel.
$The Kraft Heinz(KHC.US$
This one is in the same situation as the other related companies in the food industry; GIS, K, KHC, CAG. There will be a small rotation out of these value stocks when tech starts to outperform again.
This one is in the same situation as the other related companies in the food industry; GIS, K, KHC, CAG. There will be a small rotation out of these value stocks when tech starts to outperform again.
K is currently still in full uptrend mode. But The trend is weakening.
Divergence in price and MACD value indicating short term downside.
Another example of a weakening uptrend with a break down of a long term price channel.
Zoom out to the weekly candles you can see a reversal candle near multiple long term supports.
WWE has been range bound for a long time. if the trend continues then we should see some downside off of ranging resistance coming soon
Indicators are showing a possible bounce in the short term.
$Bilibili(BILI.US$ $Kaixin Holdings(KXIN.US$ $DiDi Global (Delisted)(DIDI.US$ $Baidu(BIDU.US$ $RLX Technology(RLX.US$ $Chindata(CD.US$ $Li Auto(LI.US$ $Alibaba(BABA.US$ $Tencent Music(TME.US$ $JD.com(JD.US$ $NIO Inc(NIO.US$ $PDD Holdings(PDD.US$ $Futu Holdings Ltd(FUTU.US$ $SPDR S&P 500 ETF(SPY.US$ $SPDR Dow Jones Industrial Average Trust(DIA.US$ $Invesco QQQ Trust(QQQ.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $Crude Oil Futures(JUN4)(CLmain.US$ $Hang Seng TECH Index(800700.HK$ $Hang Seng Index(800000.HK$ $SSE Composite Index(000001.SH$ $SSE 50 Index(000016.SH$ $CSI 300 Index(000300.SH$ $Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $Dogecoin(DOGE.CC$ $AMC Entertainment(AMC.US$ $GameStop(GME.US$ $Twitter (Delisted)(TWTR.US$ $Netflix(NFLX.US$ $Prologis(PLD.US$ $Kimberly-Clark(KMB.US$ $Bristol-Myers Squibb(BMY.US$ $General Mills(GIS.US$ $The Kraft Heinz(KHC.US$ $Kellanova(K.US$ $Conagra Brands(CAG.US$ $World Wrestling Entertainment(WWE.US$ $Campbell Soup(CPB.US$ $Monster Beverage(MNST.US$ $Ulta Beauty(ULTA.US$ $McDonald's(MCD.US$ $Home Depot(HD.US$ $Johnson & Johnson(JNJ.US$ $PepsiCo(PEP.US$ $Procter & Gamble(PG.US$ $McDonald's(MCD.US$
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Always Hungryy : lots of talk about the jitters. any thoughts on selling everything and cashing out?
SpyderCallOP Always Hungryy: i wouldn't sell out just yet. We have already fallen so much. It is very possible we will take another leg down but recession isn't happening yet. I think not this year. And a lot of people would be buying here considering some prices cheap. Like Warren Buffett
solo invest SpyderCallOP: Some of these plays look good. Some look like they might stay in an uptrend for a bit longer
SpyderCallOP solo invest: You are right. Some of them are still in a rally. I haven't shorted them yet. Always wait for some sort of confirmation.
RDK79 : More earning reports, fed meeting, Russia still destroying Ukraine, massive amounts of export food not leaving Ukraine ports … I think shorters will be fine this week. But I don’t invest in shorts.
Always Hungryy : I'm about to go to bed. And would like a dream where everyone just picked today to keep bidding the prices up and up and up. Then when I wake up tomorrow, I find my price triggered and stocks sold. Won't that be a nice dream to have! :)
SpyderCallOP Always Hungryy: i wish you luck my friend
Revelation 6 : Wow, this reads like the who’s who of stocks that are household names. In addition, most produce consumable products used in households. The basics.
SpyderCallOP Revelation 6: yea these value companies have been somwhat of safe havens in this bear market. When all parts of the market that were doing bad the past few months start doing good again. Then people should rotate out of these value stocks. my puts killed it today
Revelation 6 SpyderCallOP: I wish I knew more about calls and puts. I’ve never taken the time to learn it.
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