All major indices dropped at the end of the week. Will the slide continue this week? There wasn’t any bad news that caused this drop. It looks like profit taking. If that is the case look for the rebound sometime this week.
Tesla didn’t make the S&P 500 as widely thought. Consensus is that this will cause a sell-off. At least until the next earnings season when the rumors of Tesla making it to the S&P 500 should cause it to go up again.
Corporate earning season continues this week. Will any or some of these lead the rebound or get caught up in the overall sell-off in the market?
Click on the ticker links below for earnings estimates and whispers on expected earnings.
| Tuesday, September 8, 2020 |
| Slack(WORK) |
| Lululemon Athletica(LULU) |
| Wednesday, September 9, 2020 |
| American Eagle Outfitters(AEO) |
| Mei Pharma Inc(MEIP) |
| Thursday, September 10, 2020 |
| Aurora Cannabis(ACB) |
| Fuelcell Energy(FCEL) |
| Oracle Corp.(ORCL) |
| PELOTON (PTON) |
| Friday, September 11, 2020 |
| Kroger Co.(KR) |
The following is a list of stocks for the week of Aug 31, 2020 – Sep 04, 2020 that show bullish and bearish trends.
The bullish matches – Oversold RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| GRFS | Grifols | Aug 31, 2020 | Homing Pigeon | 26.58 |
The bearish matches – Overbought RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| TRQ | Turquoise Hill Resources | Sep 01, 2020 | Doji Star | 82.07 |
| MRVL | Marvell Tech | Sep 01, 2020 | Deliberation | 70.0 |
| YUMC | Yum China Holdings | Sep 01, 2020 | Hanging Man | 70.6 |
| GSHD | Goosehead Insurance Inc. Class A Common Stock | Sep 01, 2020 | Deliberation | 70.89 |
| RUN | Sunrun Inc. | Sep 02, 2020 | Dark Cloud Cover | 71.63 |
| KBR | KBR | Sep 02, 2020 | Hanging Man | 70.54 |
| APPN | Appian Corporation | Sep 02, 2020 | Deliberation | 75.32 |
| CYRX | Cryoport Inc | Sep 03, 2020 | Breakaway | 76.06 |