SPY MARKET ANALYSIS
Currently the market is going SIDEWAYS and we are seeing neither buying or selling pressure causing prices to stay the same. Periods where this has been true in the past are indicated by the grey areas in the market analysis chart below. These markets should be pairing off longs with shorts with tighter target points.
|STRENGTHENING||Showing upward momentum right now is CPRT which is our strengthening momentum long pick for today. We wouldn’t be surprised to see a +2.4% up move in CPRT today. Copart, Inc. (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India.|
|WEAKENING||Showing downward momentum right now is ABMD which is our short pick for today. We wouldn’t be surpised to see a -8.7% down move in ABMD today. ABIOMED, Inc. is a provider of temporary percutaneous mechanical circulatory support devices.|
Paul "Bulldog" Hudson, Chief Investment Officer
Darwin Investing Network