Last week all three major indices in the US closed down for the week. Covid-19 surge and uncertainties around the economic stimulus is widely considered to be the reason.
Covid-19 Vaccinations are set to begin this week in the US. Although, it will be only for high risk individuals and health care workers. On Monday Dec 14 $908 Billion pandemic relief is supposed to go to congress.
Expect traders to continue to look at these to drive the market again this week.
Q3 earnings this week
Click on the ticker links below for earnings estimates and whispers on expected earnings.
| Wednesday, December 16, 2020 |
| Lennar Corp.(LEN) – After Market China Distance Education(DL) – After Market Toro(TTC) – Before Market |
| Thursday, December 17, 2020 |
| FedEx Corporation(FDX) – After Market General Mills(GIS) – Before Market Scholastic(SCHL) – After Market Accenture(ACN) – Before Market Rite Aid Corporation(RAD) – Before Market |
| Friday, December 18, 2020 |
| NIKE, Inc.(NKE) – After Market Darden Restaurants(DRI) – Before Market Winnebago Industries(WGO) – Before Market |
The following is a list of stocks for the week of Dec 07, 2020 – Dec 11, 2020 that show bullish and bearish trends.
The bullish matches – Oversold RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| HNP | Huaneng Power | Dec 10, 2020 | Hammer | 29.98 |
The bearish matches – Overbought RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| VOD | Vodafone Group, plc. | Dec 07, 2020 | Hanging Man | 75.71 |
| NVCR | NovoCure Limited | Dec 07, 2020 | Deliberation | 70.32 |
| NCLH | Norwegian Cruise Line | Dec 09, 2020 | Dark Cloud Cover | 70.77 |
| CLF | Cleveland-Cliffs | Dec 09, 2020 | Dark Cloud Cover | 73.73 |
| ROKU | Roku Inc | Dec 09, 2020 | Meeting Lines | 72.26 |
| SID | National Steel | Dec 09, 2020 | Belt Hold | 70.21 |
| TAP | Molson Coors Brewing Company | Dec 09, 2020 | Hanging Man | 70.72 |
| TIF | Tiffany & Co. | Dec 09, 2020 | Hanging Man | 71.96 |