Job reports as expected reported unemployment rate of 6% last Friday.
Tesla first quarter sales beat expectations. They claim to have delivered 184,800 vehicles, against FactSet consensus of 168,000. For reference Tesla delivered 88,000 vehicles in Q1 of 2020.
On the inflation front the Fed’s latest forecast showed that majority of the members believe inflation would rise to 2.4% this year. This would exceed the Fed’s 2% target by two years. Fed chairman Jerome Powell continued to reiterate that the low interest will remain until of end 2023 and that an inflation rate between 2.2-2.4 needs to last for a long time before any rate changes happens. This leaves open the door that the rates may be increased earlier than projected.
2021 Q1 earnings start this week with Carnival(CCL) and Levi Strauss(LEVI).
Click on the ticker links below for earnings estimates and whispers on expected earnings.
2021 Q1
| Wednesday, April 7, 2021 |
| Carnival Corp.(CCL) – Before Market |
| Thursday, April 8, 2021 |
| Levi Strauss(LEVI) – After Market |
The following is a list of stocks for the week of Mar 29, 2021 – Apr 01, 2021 that show bullish and bearish trends.
The bullish matches – Oversold RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| GSX | GASCO ENERGY | Mar 30, 2021 | Homing Pigeon | 21.93 |
| TAL | TAL Education | Mar 30, 2021 | Homing Pigeon | 26.17 |
| USPH | US Physicalrapy | Mar 30, 2021 | Homing Pigeon | 29.76 |
The bearish matches – Overbought RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| CENT | Central Garden & Pet Company | Mar 31, 2021 | Belt Hold | 75.39 |
| CENT | Central Garden & Pet Company | Mar 31, 2021 | Dark Cloud Cover | 75.39 |
| BXG | Bluegreen Vacations | Mar 31, 2021 | Belt Hold | 71.9 |