Shorttermbottom
SPLK Shifting SidewaysSPLK is shifting to a trading range pattern as it enters a new all time high level. SPLK gapped and ran up strongly out of a mid-trend short-term bottom.
MCD Attempting to BottomMCD is struggling to form a short-term bottom at a non-support level. The stock had been under heavy distribution which triggered High Frequency Traders selling short as well as Pro Traders selling short, even while new Retail App Broker Investors were buying into the downtrend. Buy on the Dip strategies are in play, but the large lots overwhelmed the retail small lots. There is no Dark Pool Quiet Accumulation in this bottoming attempt.
EPZM High Frequency Trader Buying FrenzyEPZM ran quickly out of a very short-term bottom with High Frequency Trader action. High Frequency Trader algos are focused on 3 major industries at this time. This is creating opportunities for retail Swing and Day Traders who can enter with the Professional Traders, who are setting up for the High Frequency Trader algo triggers.
TIF: Defying the trend, completing a short-term bottomTiffany Company had the highest percentage gain for the S&P500 on Friday, defying the overall stock market rout that day as stocks slumped downward. TIF ran up strongly on a positive earnings report after an at-open minor gap down. The stock has completed the initial phase of a short-term bottom. Looking for an entry to move higher above this resistance, perhaps after some adjustment.