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US Markets - Update on our last note for the NDX and S&P 500
Cerundolo Investment Research
US Markets Update
Volume 5, Issue 29
December 16, 2021
Items of Interest:
The reversal off the ellipse buy zones were very strong and impulsive, a good sign. We see another 2% to 3.5% upside before these indices come into target/resistance zones. We want to stay long and add to stocks that have pulled back into support zones such as QCOM, NVDA, AMD, CSCO, FFIV, ARCB, ROK, PSTG, WST, ZNTL, WMK, SPTN, and MGPI. We have more ideas that screen well, which we will send along in chart form.
