These duration stocks must hold, or...
High fliers, duration names, have taken a huge beating over past months. We have had some attempts to bounce, but momentum remains poor.
BofA names top 4 names to watch and we agree with the logic;
1, TAN 80 is a must hold level, note the trend line and the 200 day moving.
2, XBI has the 130 as the line in sand level to watch. 200 day moving at that level.
3, ARKK has a first level at 120 and then recent lows at 110. Absolutely must hold...(derivatives play here).
4, KWEB, Chinese internet, remains horrible. BofA has the 70 as the level to watch, but 72 is recent lows and a huge level to watch. Note KWEB is falling below the 200 day today.
Watch all the above carefully.
BofA names top 4 names to watch and we agree with the logic;
1, TAN 80 is a must hold level, note the trend line and the 200 day moving.
2, XBI has the 130 as the line in sand level to watch. 200 day moving at that level.
3, ARKK has a first level at 120 and then recent lows at 110. Absolutely must hold...(derivatives play here).
4, KWEB, Chinese internet, remains horrible. BofA has the 70 as the level to watch, but 72 is recent lows and a huge level to watch. Note KWEB is falling below the 200 day today.
Watch all the above carefully.