Have Bears Regained Control? Prepare For The Upcoming Trading Week With MandoTrading !
Portfolio Pulse from Mando Trading
The article discusses the bearish market trends observed last week and the potential for a bullish recovery in the upcoming week. It mentions several US-listed companies and ETFs including SPY, AAPL, TSLA, GOOGL, AMD, PLTR, and AMZN. The author suggests that the bulls need to step up to reclaim the previously lost support or face more downside. The article also provides specific price levels and market structures for each mentioned asset.
August 14, 2023 | 12:49 pm
News sentiment analysis
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POSITIVE IMPACT
AAPL took out swing low from 8/9 and found support at 176.55 before bouncing on Friday. Bulls want to see a move above the resistance level, which could lead to a test of the 179.50 level.
The article mentions that AAPL found support at 176.55 and bounced back on Friday. If it breaks the resistance level, it could potentially lead to a bullish move.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SPY shifted market structure to bullish on Friday, taking out the swing high from Thursday. A shift back bearish would occur on a break of swing low liquidity at 443.35.
The article mentions that SPY shifted to a bullish market structure on Friday, which could potentially lead to an increase in its stock price. However, a break of swing low liquidity at 443.35 could shift it back to bearish.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
AMZN is currently pinned between two levels of liquidity at 140.40 and 137.15.
The article mentions that AMZN is currently pinned between two levels of liquidity at 140.40 and 137.15, indicating a neutral market position.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
PLTR has been consolidating following the 8/9 dump. It is currently pinned between two levels of liquidity at 15.87 and 14.92.
The article mentions that PLTR has been consolidating after the 8/9 dump and is currently pinned between two levels of liquidity at 15.87 and 14.92, indicating a neutral market position.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
AMD had a significant short last week, with a retracement into the 79% level and dumped, taking out the swing low at 107.38. Next area of downside liquidity is 105.15.
The article mentions that AMD had a significant short last week, taking out the swing low at 107.38. The next area of downside liquidity is 105.15, indicating a potential further drop in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GOOGL rejected Friday's opening gap and dropped 1.5 points, before finding support at 128.50. Market structure remains bearish until one of those swing highs are taken out.
The article mentions that GOOGL dropped 1.5 points on Friday and found support at 128.50. The market structure remains bearish until one of the swing highs are taken out.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TSLA took out a swing low and found support at 238.19 before bouncing to close out the day. However, it did not take out any recent swing highs, leaving market structure bearish.
The article mentions that TSLA found support at 238.19 and bounced back. However, it did not take out any recent swing highs, leaving the market structure bearish.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80