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Bullish Picks

Symbol

AAPL

Name

Apple Inc.

Industry Group

Water Supply

Pattern

Resitance Test

Next Earnings

8/4/2020

COMMENTS: Apple is a storied stock with an almost impenetrable ability to provide gains.  Again, Apple is testing highs with big news that they will be ramping up production on the new iPhone in the coming weeks.  This could be a big moment for Apple.

Bearish Picks

Symbol

INTL

Name

INTL Fcstone

Industry Group

Finance

Pattern

Resitance Fail

Next Earnings

8/13/2020

COMMENTS: INTL has shown quite a bit of strength over the last few months but has found it hard to break through resistance.  Failing off for a second time.  Keep an eye on the price as if it approaches $45 we could see some buying pressure. 

Symbol

GEF

Name

Greif

Industry Group

Industrial Products

Pattern

Resistance Fail

Next Earnings

6/3/2020

COMMENTS: GEF has been holding at a 38% retracement for the better part of a month.  With earnings coming out tomorrow this is a hit or miss time.  After failing to push through Resistance 3 times a negative earnings could open the flood gates to selling.

Important Information:
Futures, options and securities trading has risk of loss and may not be suitable for all persons. No system can guarantee profits or freedom from loss. Past results are not necessarily indicative of future results. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will achieve profits or losses similar to those shown.

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