Looks like the market will open lower today wiith the continuation of the negative momentum yesterday. According to the street prediction, FED has a very good chance of raising another 50 points from today, two more rate increasing in the coming months.
Until the FED is done with raisng rate, the market maybe still in the trading range. A few known company reported earnings after close yesterday and this morning. SYMC seems to be heading lower because of it, this is the one to avoid now. PNRA beats but not too convincing, I would avoid this one for now too. Until the market moves out of the negative territory today, I would not place any buy today.
Today's Movers:
Positive Momentum Stocks:
ZVXI (very speculative one, avoid), IVIL, IPMT, CUTR
Negative Momentum Stocks:
MERQE (avoid the E at the end), SYMC, JUPM, INTX, VCLK
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