Send me real-time posts from this site at my email

5/21/2020 - My thoughts by TradesAfterWork

Posting this to share with our readers:


My thoughts... I would look at today as a very constructive day in the market. Yes we did see volatility come in to play again with the Nasdaq Composite Index along with the S&P 500 Index both opening higher than yesterday's open but closing lower than yesterday. One of the things that I always look at is volume, and both indexes had lower volume than the previous day. In my mind that lends more toward a healthy day in the market.
There is not much to say about the Composite; it continues to look fine on its chart, working toward that all time high we had in February.
On the other hand, the S&P 500 Index, as I have said many times before, still needs to clear above that 200 Day Simple Moving Average which is 2999 and backed up by that 3000 round number. Hopefully, we will not get any surprises in the news tomorrow as we have a 3 day weekend with the Memorial Holiday and many traders will not be in.
Our stock pick for tomorrow is a company headquartered in Denmark. Genmab ($GMAB) is in the Medical/Biomed/Biotech arena. The company develops antibodies for the treatment of cancer and other disease. GMAB's activate price is $29.31. See above for stop and target information.

Have a great evening and happy trading!

- Bernard


Learn more about them here - TradesAfterWork.com -


Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

If you liked this article, please click the LIKE (thumbs up) button.

Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so).

Follow us/bookmark us and check back occasionally for additional articles or comments on our page...

Wild Tiger Trading - start/main page.

.
Are you interested in trading stocks to supplement your income or make a living? Maybe become a professional trader? Many traders have the skills and nerves to trade, but not the upfront capital. Well now that problem is solved!
Try2BeFunded
has expanded its trading program! If you're a novice or experienced trader, you can earn access to a trading account with up to $100,000! To learn more about how to qualify, click HERE and give it a shot! You have nothing to lose it is free to try.
.

Welcome!!! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue