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Cabinets?! The real estate market has been benefiting from low mortgage rates, and companies like American Woodmark should succeed well after a vaccine is out. From a pure technical perspective, there are a few things that make AMWD’s chart an attractive set up. A MACD buy signal convergence is possibly forming, which I could possibly be confirmed, by the price action maintaining support on the 20-day MA on the Bollinger Bands. If we can maintain this, there is a chance AMWD can break out. AMWD needs to break 98.44 for a chance at the 100’s. 98.44 as resistance seems to be confirmed based off the volume shelf. Next level is 105.35, with a possible upside of 116.24. AMWD has built an uptrend like most companies have since March. However, companies involved in real estate/housing retail seem to have higher upside as opposed to other “stay at home” plays. I am purely looking at this from a technical perspective and I think AMWD has a better set up in those regards than it’s competitors such as – Wayfair ($W), Restorative Hardware ($RH), Fortune Brands (BHS), FirstService (FSV)
NASDAQ:AMWD
by itsmiguelsol
S&P 500 Yearly Forecast (Nov 2020 - Nov 2021)S&P 500 Index (SPX) (November 18th 2020 through November 2021) Low: 3010.3 points High: 3876.6 - 3900 points There could be some great buying opportunities ahead of us in the coming year, can't wait to see what 2021 brings us. Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
TVC:SPXShort
by Hambooger
5
This is what global indices are showing us : Part 1 In this part I have looked at the nasdaq, S&P 500, UK, EURO & GermanDAX. nasdaq is showing distribution signs after a parabolic move to all time highs. This is a clear sign of a sharp reversal in the coming weeks. S&P is seeming like a false breakout and/ or short squeeze on a very conveniently timed vaccine news. Euro, UK & GDAX are at very critical supply zones and it would make the most sense to turn downwards from here. However, a violation of these levels means bear thesis is probably off the table. I welcome all sorts of feedback ! thank you :)
XETR:DAXShort
by markethunter888
2
AAL - Ready For Take Off? A Huge week is coming up for the airline industry next week. As you can recall, the Stimulus Package passed back in March provided the airlines with $25 billion in aid as long as they didn't let go of any their employees for a certain period of time. That certain period of time expires September 30th. The airlines are asking Congress for additional aid and the clock is ticking. The airlines argue that unlike other traditional jobs, airline employees (pilots, crew, flight attendants, etc.) require extensive training. If you let go of these employees, you can't just hire new ones at the flick of a switch as pilots, flight attendants and mechanics all must be certified by the government and receive proper training. If additional aid is not given, the airlines are estimating on releasing the following: American Airlines - 19,000 workers United Airlines Holdings - 16,000 Delta Air Lines - will delay the effective date for a potential 220 pilot furloughs to Nov. 1 Southwest Airlines Co. have said they will avoid most forced cuts for now, after thousands of workers retired early or took leaves That being said, either aid is given or 35,000+ more citizens will be added to the unemployment sheet for the month. Personally, we don't see how aid is not given to avoid this grim scenario. This takes us to the TA part: TA: We've been accumulating AAL between $11.50-$14.00 since August if you check our previous AAL posts. We think the additional aid will be a huge move up for the stock. Theres several layers of resistance but wouldn't be surprised with this kind of news to see a shot straight to the 200ma at around $16.50 at the moment. Targets: 1. $16.45 area (where the 200MA will be) 2. $19.10 (top of our resistance line in pink) 3. $19.93 (fib retracement level) 4. $22.73 (previous high) Now, this a large pump, but very possible. As always, this is a risk. The government could very well delay the aid as it does not come to an agreement, employees are laid off, aid comes later, etc. This is 2020 and worse things have happened. We have our stop losses at $10.75 . Keeping a close watch on this one. Give us a follow and shoot us a Like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise
NASDAQ:AALLong
by MannyLo