Pre-market price around 8am EDT:
American Express 76.80 dropped to 75.75
eBay 57.38 dropped to 53.70
Intel 24.15 dropped to 23.48
IBM 194.55 jumped to 199.00
American Express is too low, it can go back up to 77.0 & it should stay above 76.0
eBay's even lower & oversold, the last time it reached 53.70 was on 8 July 2013, it should at least stay above 54.0
Intel is quite low too, it should stay above 24.0 but it doesn't seem possible today
It should at least stay above 23.5 today
IBM's too high, overbought & it might drop, not safe to buy
But it's also not safe to sell & trade against the market
Not to mention IBM announced a multi-billion 10-Year Partnership with UniCredit
Strong Buy (Double): eBay (preferably @ 53.5, below 54.0)
Buy: American Express (preferably @ 75.6, below 76)
Buy: Intel (preferably @ 23.4, below 23.5)
All expiration time are for 4pm EDT end of day
Timing:
Wait for them to stop dropping & reverse for a higher chance of winning
Do not buy if they continue to drop
There might be volatility during Fed's speech after 10:00am EDT
Risk: Something unexpected happens during Fed's speech
Trade after 10am, after Fed's speech at the lowest price possible to lower your risk
No comments:
Post a Comment