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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 690.40-0.5%4:00 PM EST

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To: Johnny Canuck who wrote (54759)1/13/2022 3:41:55 PM
From: Johnny Canuck1 Recommendation

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CusterInvestor

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MSFT at a key turning point. A lot of funds have been using the FANG stocks as "cash equivalents" a break of key support levels will have institutions re-thinking that strategy. Last of strong FANG stocks MSFT and GOOGL at key turning points.

MSFT stopping short of breaking 150 day SMA and just above the next series of volume by price support levels. I expect a bounce here but it may be weak till more earning visibility for tech comes out. Earning season may be a curse or a gift depending on guidance.



Same comment on GOOGL



FB has been going sideways for a few months now mainly on change of iOS affecting
their ability to gather user information.



AMZN short term on a sell signal. Longer term sideways.



NVDA also at turning point. A break of current level puts them on the defense with
a potential fall to at least $225 or lower.



Surprisingly the dividend stocks with yields north of 6% have been rising day after day.
Some on 6 day or more runs. Look at ENB and PSX.

ENB still has a decent yield. PSX just got away from me. Started looking at $70 and wanted
a pull back to $69. Now at $86. Sometime better to be lucky. New mania in energy!



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