We’ve traded the credit card processors over the past few days, as many of them move above key resistance levels, at the same time exhibiting bullish price action favoring further appreciation. This is a followup on the Wednesday post and the resulting trades in the chatroom/alerts.
Mastercard
Mastercard has been a favorite as it ventures above VBP resistance (look left). RSI suggests more upside. Volume depicts institutional activity.
Look for these stocks to continue as potential swings and day trades.
| SYMBOL | NAME | INDUSTRY | CLOSE | CHG |
|---|---|---|---|---|
| MA | MA – Mastercard | Computer Services | 298.80 | 8.07 |
| PYPL | PYPL – PayPal Holdings, Inc. | Computer Services | 150.94 | 5.55 |
| V | V – Visa Inc. | Computer Services | 193.86 | 4.50 |
| SQ | SQ – Square, Inc. | Computer Services | 82.04 | 2.79 |
| SYF | SYF – Daily Candlesticks, 900 | Consumer Finance | 18.11 | 0.48 |
| BCS | BCS – Daily Candlesticks, 900 | Banks | 5.17 | 0.16 |
Use the techniques and strategies herein for entry, exits and stops.
Futures are oscillating between 2950 and 2980 gamma levels. Crude is more than 2% higher this morning, as futures rise, currently off (-0.20%) the morning lows. Gold is marginally lower.
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during market hours, as we navigate the current environment. Watch, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.
Happy Trading,
Vinny
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Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.
As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends.
These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.