Happy Lotto Friday! Getting some volatility in this market which is nice! Market extremely weak with $FDX news pulling it down this morning
$FDX smashed on earnings warning. If $160 can't hold, room to $140. If it can hold, can bounce to $172-175.
$ADBE getting hit on over paying for an acquisition. Seems overdone but never catch a falling knife! If $300 can't hold, room down to $280. If $300 holds, can bounce to $309.
$TSLA has had relative strength this weak but so far this really weak market is winning. If $SPY can get a bounce, $TSLA should be able to bounce pretty hard. Otherwise, room down to $293.
$COST hit hard this week. Losing all daily EMAs. Room to $490 today if the market stays weak.
