Will The Bears Deliver The Knockout? Prepare For The Upcoming Week With Mando Trading!
Portfolio Pulse from Mando Trading
Mando Trading provides an analysis of several stocks and ETFs for the upcoming week. The analysis includes SPY, QQQ, DXYN, AAPL, TSLA, GOOGL, AMZN, MRNA, NVDA, NFLX, and AMD. The analysis suggests potential bearish trends for TSLA, NFLX, and AMD, while AAPL, AMZN, and NVDA may see a bounce. The dollar's next move will influence decisions on the indices.
August 21, 2023 | 12:32 pm
News sentiment analysis
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NEGATIVE IMPACT
AMD took out swing low Friday and bounced to close the day, but no bullish imbalances were created, making the analyst less confident.
The lack of bullish imbalances created after the bounce suggests a potential downward trend for AMD.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
NFLX rejected a premium bearish imbalance and may see a downward trend.
The rejection of a premium bearish imbalance suggests a potential downward trend for NFLX.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
A previous bullish order block from July 3 was flipped bearish for QQQ.
The flipping of a bullish order block to bearish suggests a potential downward trend for QQQ.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TSLA is showing a bearish trend until a break above 225.26 swing high.
The analysis suggests a bearish trend for TSLA until a break above the 225.26 swing high.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
The dollar's next move will influence decisions on the indices, which includes DXYN.
The movement of the dollar can have a significant impact on the indices, which includes DXYN.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
GOOGL is currently sitting at 50% of the range set from earnings.
GOOGL's current position at 50% of the range set from earnings suggests a neutral trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The upcoming Jackson Hole event and Powell's speech on Friday could impact SPY.
The Jackson Hole event and Powell's speech have historically had an impact on the market, which includes SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
AAPL has filled both bullish imbalances and may see a bounce.
The filling of bullish imbalances suggests a potential upward trend for AAPL.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
AMZN has seen a 79% retracement from the earnings run up and may see a bounce.
The 79% retracement from the earnings run up suggests a potential upward trend for AMZN.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Billions of dollars have been flowing into MRNA, suggesting something may be up.
The influx of billions of dollars into MRNA suggests a potential upward trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NVDA looks the best out of all the names charted and may see a bounce.
The analysis suggests a potential upward trend for NVDA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90