Suttmeier, a former U.S. Treasury trader and trading manager in the primary dealer community, has more than 40 years of experience in the U.S. financial markets. Suttmeier is an engineer by education with a master of science degree. He has been writing newsletters and market commentaries since 1984, and his engineering and trading background are the foundation for the combined fundamental and technical analysis used in the stories he writes exclusively for TheStreet.com.
Microsoft held its quarterly pivot at $116.13 Monday morning but is below its risky level for March at $119.29, where investors should reduce holdings on strength.
Buy Tesla down to it weekly value level at $248.96 and book profits on strength to its semiannual and annual risky levels at $358.87 and $388.02, respectively.
Broadcom held its annual pivot at $260.78 on March 8 and this is my buy level, given weakness following Thursday's earnings report.
Adobe is set to report earnings above a 'golden cross,' with the stock poised to pop above $171.05, which targets its quarterly risky level at $292.23.
Investors should reduce holdings in Dollar General pre-earnings with the stock between its annual pivot at $118.52 and this month's risky level at $123.17.
Amazon set its 2019 high of $1,736.41 on Jan. 31 and the subsequent low has been $1,566.75 set on Feb. 8. This is your trading range.
Apple set its 2019 high of $177.75 on March 4 and faces a weekly 'key reversal' if Friday's close is below last week's low of $172.73. Watch for the sell.
Marvell is in bull market territory since a "key reversal" day on Dec. 26, but this strength is within a longer-term bear market. Earnings will determine which trend prevails.
How to trade Costco when short-term strength is a consolidation of the bear market decline.
Dollar Tree faces earnings volatility on Wednesday with a potential technical downgrade or a breakout to a new 2019 high.
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