Hopes of vaccine availability by 2021 summer helped S&P 500 and Dow Jones indexes move slight up(crossed 30,000) from their sideways move in the last 2 months.
Covid-19 continues to remain in the spotlight this week. The expected Fall spike is in full effect and likely is the cause of the increase in unemployment claims filed last week. Unemployment numbers will be in focus on Friday when this week’s numbers will be released.
Zoom, Salesforce, Okta & Docusign will report their Q3 earnings this week. All expected to beat their earnings estimates. Which way will the investors go this week? Hope for the vaccine or rise in infections and unemployment claims?
Click on the ticker links below for earnings estimates and whispers on expected earnings.
| Monday, November 30, 2020 |
| ZOOM VIDEO CMTS CM A(ZM) – After Market |
| Tuesday, December 1, 2020 |
| Salesforce.com(CRM) – After Market Box Inc(BOX) – After Market TRIP.COM GROUP LTD.(TCOM) – After Market |
| Wednesday, December 2, 2020 |
| Splunk Inc(SPLK) – After Market Okta, Inc.(OKTA) – After Market |
| Thursday, December 3, 2020 |
| Dollar General(DG) – Before Market Kroger Co.(KR) – Before Market The Michaels Companies(MIK) – Before Market DocuSign, Inc.(DOCU) – After Market Cloudera, Inc.(CLDR) – After Market |
| Friday, December 4, 2020 |
| China Lodging(HTHT) – After Market |
The following is a list of stocks for the week of Nov 23, 2020 – Nov 27, 2020 that show bullish and bearish trends.
The bullish matches – Oversold RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| None | ||||
The bearish matches – Overbought RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| DISCA | Discovery Communications-A | Nov 23, 2020 | Deliberation | 74.93 |
| IIVI | II-VI Incorporated | Nov 23, 2020 | Deliberation | 88.17 |
| NIO | NIO | Nov 24, 2020 | Dark Cloud Cover | 74.95 |
| FLEX | Flextronics Intl | Nov 24, 2020 | Hanging Man | 75.66 |
| APPN | Appian Corporation | Nov 24, 2020 | Dark Cloud Cover | 80.11 |
| HQY | HealthEquity, Inc. | Nov 24, 2020 | Deliberation | 74.46 |
| CW | Curtiss-Wright | Nov 25, 2020 | Hanging Man | 70.08 |
| CR | Crane | Nov 25, 2020 | Harami Cross | 75.56 |
| IRDM | Iridium Communications | Nov 25, 2020 | Hanging Man | 70.99 |
| CLH | Clean Harbors | Nov 25, 2020 | Hanging Man | 72.03 |
| ORCC | ONLINE RESOURCES | Nov 27, 2020 | Hanging Man | 73.82 |