Last weekend we discussed our Best Stock Charts as we proceeded into the new trading week and now we hold ourselves accountable by following up on our stock market calls. Our technical analysis of these stocks by in large show strong breakouts on the stock charts. Bob discusses how he uses Stochastic RSI on the symbol of (LABU). On most of the charts he discusses the value of using technical analysis to identify support and resistance levels for the best risk to reward entry point which have the added benefit of acting as great stop loss points.
The tax plan appears to be moving through the US Senate which caused the stock market to rally but the Dow Jones Industrial Average (DJIA) is leaning into its third standard deviation Bollinger Band where making it a bit overbought.
Best Stocks Discussed In The Following Order
- Live Nation Entertainment (LYV)
- Nektar Therapeutics (NKTR)
- Healthcare Select SPDR Fund (XLV)
- IShares Canada MSCI ETF (EWC)
- IShares Indonesia MSCI (EIDO
- Facebook (FB)
- Tech Data Corp. (TECD)
- Halcon Resources Corp (HK)
- Alphabet (GOOGL)
- Luminex (LMNX)
- Direxion Daily S&P Bitotech Bull 3x ETF (LABU)
- NI Source Inc. (NI)
- Kansas City Southern (KSU)
- Southern Copper (SCCO)
- Celanese (CE) • Lear Corp (LEA)
- Gupo Televisa (TV)
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