Some events and questions for this week.
Apple(AAPL) 4 for 1 and Tesla(TSLA) 5 for 1 will split on Monday by market open. Will this increase the price of these stocks this week as the price makes it attractive for more investors? Will be they be significant enough to move the price up? Or will profit takers move the price down?
Nasdaq and S&P 500 have been closing at all time highs while the Dow 30 index has erased all the losses caused by the Covid-19 pandemic. What will cause the next correction and when will it be?
Corporate earning season continues this week.
Click on the ticker links below for earnings estimates and whispers on expected earnings.
| Earnings Announcement Date | Companies |
| Monday, August 31, 2020 | ZOOM VIDEO CMTS CM A ZM |
| Tuesday, September 1, 2020 | Block H&R HRB |
| Wednesday, September 2, 2020 | Macy’s, Inc. M, Copart, Inc. CPRT |
| Thursday, September 3, 2020 | Broadcom Inc. AVGO, Campbell Soup CPB, Momo Inc. MOMO, The Michaels Companies MIK, DocuSign, Inc. DOCU |
| Friday, September 4, 2020 | Vedanta Ltd VEDL |
The following is a list of stocks for the week of Aug 24, 2020 – Aug 28, 2020 that show bullish and bearish trends.
The bullish matches – Oversold RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| MNRO | Monro Muffler/Brake | Aug 24, 2020 | Ladder Bottom | 29.11 |
| RETA | Reata Pharmaceuticals Inc | Aug 25, 2020 | Harami | 27.46 |
| STRA | Strayer Education | Aug 25, 2020 | Harami | 23.03 |
| OPK | OPKO Health | Aug 28, 2020 | Homing Pigeon | 29.87 |
The bearish matches – Overbought RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| EXPI | Exp Realty Internati | Aug 24, 2020 | Three Inside Down | 71.23 |
| NOMD | Nomad Foods | Aug 24, 2020 | Hanging Man | 75.3 |
| TXRH | Texas Roadhouse | Aug 24, 2020 | Hanging Man | 70.06 |
| MTLS | Materialise NV | Aug 24, 2020 | Deliberation | 71.31 |
| JD | JD.com | Aug 27, 2020 | Upside Gap Two Crows | 77.29 |
| CRM | Salesforce.com | Aug 28, 2020 | Harami Cross | 81.92 |