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The article discusses the performance of various stocks and the S&P futures in the past week. It mentions that the S&P futures broke above a weekly bearish imbalance from April 2022. The author expects more explosive price action due to the FOMC meeting this week. The article also discusses the performance of SPY, AAPL, TSLA, GOOGL, AMD, MARA, and AMZN, expecting some to experience a pullback and others to potentially rise.
July 17, 2023 | 2:59 pm
News sentiment analysis
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NEGATIVE IMPACT
AMD pulled back hard after running up into the imbalance at 121. A break of that low could lead to a test of the imbalances below.
The article mentions that AMD pulled back hard after running up into the imbalance at 121. A break of that low could lead to a test of the imbalances below, indicating a potential decrease in price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GOOGL completed a 2 SD move and a break of Friday's swing low could lead to a pullback.
The article mentions that GOOGL completed a 2 SD move and a break of Friday's swing low could lead to a pullback, indicating a potential decrease in price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MARA completed a 2SD move and a loss of current support could lead to a deeper pullback.
The article mentions that MARA completed a 2SD move and a loss of current support could lead to a deeper pullback, indicating a potential decrease in price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SPY reached for the 30 min imbalance at 451.50 and a pullback could take it down to 445.85.
The article mentions that SPY reached for the 30 min imbalance at 451.50 and a pullback could take it down to 445.85, indicating a potential decrease in price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
AAPL may need a deeper retracement before its next move higher.
The article suggests that AAPL may need a deeper retracement before its next move higher, indicating a potential short-term decrease but a possible increase in the longer term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The author is unsure about TSLA's performance next week as the discount imbalances were untouched.
The article mentions that the author is unsure about TSLA's performance next week as the discount imbalances were untouched, indicating uncertainty in the stock's direction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
AMZN reached for 1.5 SD before fading to close the day. Price can bounce here to complete the 2 SD move next week.
The article mentions that AMZN reached for 1.5 SD before fading to close the day. Price can bounce here to complete the 2 SD move next week, indicating a potential increase in price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80