Wednesday, April 11, 2018: Major Indexes Slightly Down, DOW -107.72







Are Wednesdays Always a Down Day?

I’m trying to see patterns in stock price action during a trading week. So far I’ve noticed that the stock market tanks on Fridays, then surges back on Mondays. Of course, predictions could be wrong, but I’m simply looking for patterns.

This week we had rallies on Monday and Tuesday. And, as predicted Wednesday is a down day as we are slightly in the red for this morning.

Given this week’s circumstances, we could rebound on Thursday and tank again on Friday.

Let’s see what happens, shall we?

Stocks on the Radar

I’ve been keeping my eye on the 1 year charts on my Think or Swim platform. Usually, 6 month charts are my favorite but given the downtrends, the 1 year chart looks better and easier on the eyes, if you know what I mean.

Raytheon (RTN)

On the 1 year chart, Raytheon looks quite good. Of course, with Trump threatening a war against North Korea, and now we have more violence and chemical attacks in Syria, missile retaliation looks possible coming from the U.S.

But RTN’s 1 year chart looks good.

finviz dynamic chart for  RTN
Varonis Systems (VRNS)

Varonis Systems is new on my radar watch list, and they specialize in cyber security and cyber attack prevention. And also, data security, file synchronization and file sharing.

Its 1 year chart looks extremely good.

finviz dynamic chart for  VRNS
Northrop Grumman (NOC)

Another defense company that focuses on missiles, computer and global, with contracts to the Department of Defense.

Defense stocks have been doing quite well during the Trump administration.

The stock’s chart looks uptrending and stable.

finviz dynamic chart for  NOC

Disclaimer: The content provided here is for information and entertainment purposes only. It’s not intended as an offer or solicitation to purchase any investment. And this material should not be taken as investment advice. Investing in equities is subject to extreme volatility.
Trade at your own risk.

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Carlos Rull

Carlos Rull is a musician living in the San Diego area. His interests include Yoga, Eastern Philosophy, Zen Buddhism, and Gardening. He plays drums, piano, and composes New Age & Ambient music, and his albums are available on iTunes and Amazon.com.

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