Hubert Senters here.
Let’s take a look at Twitter. I had a question from a viewer on what I thought about it. There’s nothing good to say about it right now. Anytime, you have a gap situation. I like to bracket it. Sometimes you can have some sketchy stuff happening when it jumps the cloud like that. Sometimes it will go right back. Sometimes it will continue on and you just have to track individual equities to see how they act around there.
But it’s usually not a good thing. But if you get a gap on earnings or bad news or good news or whatever it is. I usually like to bracket it like this and I won’t do anything until I either get a trade below or a trade above that line or close below or close above that line. So if it went above $37.46 you’d be like oh, it’s going to be a long, it’s going to fill half a gap hill or full gap fill.
But since it took out a little of $33.93 or $33.95 and is closing substantially lower that opens up the floodgates and you’ll have a sell off that should get substantially worse so you can have targets of $27.81 and then in the area of $22.36 so be on the lookout. If you’re long Twitter you might want to make sure you got to stop in place and understand your risk in potential long trade.
I’m going to be doing a special STATE OF THE MARKET ADDRESS Thursday, August 2nd at 7PM EST. We’re going to walk through what’s working now. We’re going to scan the markets, talk about what trades we should be in, the markets that are trending and the markets that are not trending. That is going to take place Thursday, August 2nd at 7PM EST.
All you have do is go over there and CLICK CLAIM MY SPOT NOW on it will register you for that webinar.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
