This is our last post of 2020. Thank you for subscribing and reading our weekly posts. We wish all of you and your families a Happy New 2021!
US $900 billion Covid-19 relief money was signed off by President Trump on Sunday.
Key points of the bill:
- $600 check per adult and child.
- $300 additional benefits to people who lost their jobs.
- Paycheck Protection Program for small businesses.
- Funding for the distribution of Covid-19 vaccine.
- $13 billion in food assistance.
Market fluctuations over the last several weeks have been attributed to traders waiting for the stimulus bill. Now that it’s here and increase distribution for the vaccine should bode well for the market in the long term.
The following is a list of stocks for the week of Dec 21, 2020 – Dec 24, 2020 that show bullish and bearish trends.
The bullish matches – Oversold RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| SWI | SolarWinds Corp | Dec 21, 2020 | Harami | 29.05 |
The bearish matches – Overbought RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| FATE | Fate Therapeutics | Dec 21, 2020 | Hanging Man | 75.89 |
| NATI | National Instruments | Dec 21, 2020 | Hanging Man | 77.54 |
| CIB | Bancolombia Sa | Dec 21, 2020 | Breakaway | 70.77 |
| CRWD | Crowdstrike Hld Cm A | Dec 22, 2020 | Deliberation | 80.88 |
| APPS | Digital Turbine | Dec 22, 2020 | Deliberation | 78.65 |
| CYBR | CyberArk Software | Dec 22, 2020 | Deliberation | 87.34 |
| ADPT | Adeptus Health Inc. | Dec 22, 2020 | Deliberation | 77.51 |
| RARE | Ultragenyx Pharmaceutical Inc. | Dec 22, 2020 | Deliberation | 82.56 |
| VRNS | Varonis Systems | Dec 22, 2020 | Deliberation | 86.06 |
| EXPI | Exp Realty Internati | Dec 23, 2020 | Belt Hold | 77.94 |
| VRNS | Varonis Systems | Dec 23, 2020 | Dark Cloud Cover | 78.12 |
| CNHI | CNH Industrial NV | Dec 24, 2020 | Hanging Man | 76.71 |