The market is poised for some short term upside so it may be a bad week for shorts. But some of these value companies may see some weakness if tech outperforms next week $The Campbell's Co (CPB.US)$
Watch for a correction down to trending support or previous highs from several weeks ago.
Break down of uptrend seen here on BMY. There is also a gap down associated with the trend break where the market opened up below trending support. Very Bullish.
More weakening trends on long term and short term charts.
Price is correcting after making all time highs near multiple resistances. Its possible that the price will return to the shorter term channeling support or climb back into the longer term uptrending price channel.
$The Kraft Heinz (KHC.US)$ This one is in the same situation as the other related companies in the food industry; GIS, K, KHC, CAG. There will be a small rotation out of these value stocks when tech starts to outperform again.
SpyderCall
OPAlways Hungryy
:
i wouldn't sell out just yet. We have already fallen so much. It is very possible we will take another leg down but recession isn't happening yet. I think not this year. And a lot of people would be buying here considering some prices cheap. Like Warren Buffett
RDK79
:
More earning reports, fed meeting, Russia still destroying Ukraine, massive amounts of export food not leaving Ukraine ports … I think shorters will be fine this week. But I don’t invest in shorts.
Always Hungryy
:
I'm about to go to bed. And would like a dream where everyone just picked today to keep bidding the prices up and up and up. Then when I wake up tomorrow, I find my price triggered and stocks sold. Won't that be a nice dream to have! :)
Revelation 6
:
Wow, this reads like the who’s who of stocks that are household names. In addition, most produce consumable products used in households. The basics.
SpyderCall
OPRevelation 6
:
yea these value companies have been somwhat of safe havens in this bear market. When all parts of the market that were doing bad the past few months start doing good again. Then people should rotate out of these value stocks. my puts killed it today
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Always Hungryy : lots of talk about the jitters. any thoughts on selling everything and cashing out?
SpyderCall OP Always Hungryy : i wouldn't sell out just yet. We have already fallen so much. It is very possible we will take another leg down but recession isn't happening yet. I think not this year. And a lot of people would be buying here considering some prices cheap. Like Warren Buffett
solo invest SpyderCall OP : Some of these plays look good. Some look like they might stay in an uptrend for a bit longer
SpyderCall OP solo invest : You are right. Some of them are still in a rally. I haven't shorted them yet. Always wait for some sort of confirmation.
RDK79 : More earning reports, fed meeting, Russia still destroying Ukraine, massive amounts of export food not leaving Ukraine ports … I think shorters will be fine this week. But I don’t invest in shorts.
Always Hungryy : I'm about to go to bed. And would like a dream where everyone just picked today to keep bidding the prices up and up and up. Then when I wake up tomorrow, I find my price triggered and stocks sold. Won't that be a nice dream to have! :)
SpyderCall OP Always Hungryy : i wish you luck my friend![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Revelation 6 : Wow, this reads like the who’s who of stocks that are household names. In addition, most produce consumable products used in households. The basics.
SpyderCall OP Revelation 6 : yea these value companies have been somwhat of safe havens in this bear market. When all parts of the market that were doing bad the past few months start doing good again. Then people should rotate out of these value stocks. my puts killed it today
Revelation 6 SpyderCall OP : I wish I knew more about calls and puts. I’ve never taken the time to learn it.
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