Finally, there is an agreement on the 2nd stimulus bill. It will be $900 billion dollars and will include another round of PPE loans as well as individual checks of $600/adult/child.
The bill now needs to pass through congress, senate and finally signed into law. There is no ETA on when this will happen.
Expect the traders to continue to focus on the stimulus this week.
Q3 earnings this week
Click on the ticker links below for earnings estimates and whispers on expected earnings.
| Tuesday, December 22, 2020 |
| Cintas Corporation(CTAS) – Before Market Carmax Inc(KMX) – Before Market |
| Wednesday, December 23, 2020 |
| Paychex, Inc.(PAYX) – Before Market |
The following is a list of stocks for the week of Dec 14, 2020 – Dec 18, 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 |
| SFIX | Stitch Fix Inc | Dec 14, 2020 | Deliberation | 82.93 |
| CARG | Cargurus Inc Class A | Dec 14, 2020 | Deliberation | 82.46 |
| ZG | Zillow Group | Dec 14, 2020 | Deliberation | 77.52 |
| JOE | St Joe | Dec 14, 2020 | Deliberation | 77.89 |
| ARVN | Arvinas Inc. | Dec 16, 2020 | Belt Hold | 81.89 |
| ALKS | Alkermes | Dec 16, 2020 | Belt Hold | 71.77 |
| CTRE | CareTrust REIT | Dec 16, 2020 | Doji Star | 80.04 |
| TCO | Taubman Centers | Dec 17, 2020 | Hanging Man | 78.37 |
| COUP | Coupa Software Incorporated | Dec 18, 2020 | Hanging Man | 73.74 |
| LIVN | LivaNova PLC | Dec 18, 2020 | Deliberation | 78.72 |
| FIVN | Five9 | Dec 18, 2020 | Hanging Man | 76.0 |