Week of 11/30/2020
This blog is to provide US stock market analysis based on my experience. This analysis is based on Support/Resistance, RSI/MACD and Slow STO. With stock markets near all time high, some caution is in order. The fear/greed index is very close to being extremely greedy which means we should see a decent short term pullback. Also, with thanksgiving break out of way, number of COVID-19 cases should see higher numbers for 1-3 weeks which would impact related stocks. While this means there will be some pullback in certain sector, it will open up opportunity in other sectors too. I should have posted this last night as markets did pullback today as per my expectations. However, below are some of the options with good entry points. AAPL : Jan 15 2021 125c @3.5. AAPL should run to 125 in next 1-2 weeks. ADBE : Dec 11, 2020 510c @4.3. With earnings next week, this should test 500 before earnings. ALGN : Dec 18, 500c @ 8.5. This should run to 500 by next week. Nice consolidation after big up move