#041 | US Stocks

What up!

Have you checked out our Indian Stocks Newsletter for this week?

We have now started a small section with a short fundamental take on the stock.

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Direxion Daily S&P 500 Bull 3X ($SPXL)

This is $SPXL, it is leveraged ETF of the S&P 500 index.

We can buy it just as a normal stock.

It is now at 50 EMA.

It has a record of bouncing off 50 EMA from a long time.

If we get a bullish candle here at 50 EMA now, we can get a good upward move and we can again go towards the life highs of 125 levels.

Risk to reward ratio is in our favour over here.


Netflix Inc.

$NFLX after a good upmove, retraced a bit and found support at Volume shelf.

Now till we are above 575 levels, we can go towards 615-616 levels (as marked in the chart too)

This is supported by Volume Shelf and gives us a bullish bias for the stock.

(Volume Shelf is an exclusive feature available only on Trendspider.)


Have you checked out our Indian Stocks Newsletter for this week?

Click here to check out this week’s edition.