How do things like the recent pipeline attack affect the stock market?
Well, for one, it’s likely that there will be increased spending on cybersecurity. That makes it a reasonable expectation that stocks related to cybersecurity could benefit.
There are never guarantees in the stock market. But I want you to understand how news events can potentially lead to stock spikes...
Here’s what I’m watching today…
I was a huge fan of Palantir Technologies Inc (NYSE: PLTR) when it was listed. But then it went into range-bound consolidation mode…
Now, there could be an opportunity with this stock due to the recent pipeline hack. Billions of dollars will likely go toward cybersecurity. I explain why I’ll be keeping an eye on PLTR and the entire sector in the coming weeks and months.
Walmart Inc. (NYSE: WMT) … Jeez-o-Pete! Talk about a multi-month breakout. It’s an earnings winner. It’s been crushing it through the past year. But remember, it’s high float and has a huge market cap. Keep your expectations realistic when you trade stocks like this…
I despise this stock. Sure, Toughbuilt Industries Inc (NASDAQ: TBLT) is an earnings winner. But it’s a disgusting company. The stock never has follow-through. I suggest two approaches: A) ignore, or B) look for afternoon VWAP holds.
Ultralife Corp. (NASDAQ: ULBI) has an army contract related to conformable, wearable batteries — a real soldier-of-the-future type play. Right now, ULBI is at 52-week highs. Throughout the day, I’ll be looking for breaks of last night’s highs…
No, no, no. Evofem Biosciences Inc (NASDAQ: EVFM) is down 30%. It’s at lows and it recently did an offering. You’re better off picking your nose than picking this stock!
AMC Entertainment Holdings Inc. (NYSE: AMC) broke my $14.50 alert level last night … But it happened after hours. I prefer to trade within regular market hours.
My approach today? As of the premarket, I’m hoping it pulls down below $14.50 then reclaims that level during the market day. That could potentially lure in the shorts and drive the price up...
Click here to view today’s session.
That’s all for today. See you tomorrow! Be sure to tune in every weekday for the Pre-Market Prep session.
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By Stock Chat

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6 thoughts on “Pre market prep- stock market 05/18/2021”
  1. Avataaar/Circle Created with python_avatars J Z says:

    Nlst. It's time

  2. Avataaar/Circle Created with python_avatars Bff1 says:

    Tim morning

  3. Avataaar/Circle Created with python_avatars El Presidente Electo says:

    Tim you are slowly showing your political leanings. Yes government spends way too much. Biden is a hack. Someone name one good thing he has done for Americans

  4. Avataaar/Circle Created with python_avatars WUKAOS says:

    You can pick how federal taxes are spend, just vote ! For a candidate that supports your ideas, I love when people complain about government decisions, anyone can just run and see if there ideas are better than current politicians

  5. Avataaar/Circle Created with python_avatars name name says:

    I can tell u wts hapening in the wrld with what u said at the start at the vid, but I dnt thnk u will belve me. but at least I can tell u, they dnt let me say here, also when I spell things clear, they take my cmnt away. thats the reson I spll like tis.

  6. Avataaar/Circle Created with python_avatars Daniel Dalton says:

    America

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