01/12/2020 Archive newsletter
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Wednesday, September 02, 2020
Tuesday was a stupendous day for momentum stocks on the heels of spectacular earnings from
Zoom Video (ZM). Many momentum stocks gapped up as much as $20 for no reason at all, other
than being tech stocks.
This morning we saw the opposite with stocks opening up and selling down hard and fast.
Many leading stocks were down $3 to $10 each until volume dried up mid-day and traders
stepped in to support stocks causing them to snap back. Stocks largely closed at on the day
with a few slightly higher.
Let’s start with two leading indexes.
TBA = Technical Buy Area
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Now let’s review some leading stocks.
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I look forward to seeing you in my chat room Thursday and Friday.
Daniel J. Zanger
Copyright © 2020 Daniel J. Zanger
All rights reserved. Do not duplicate or redistribute in any form.
CHARTPATTERN.COMTM - Technical stock analyst and World Record Holder Dan
ZangerTM shares pro table strategies for trading the stock market in the The
Zanger ReportTM. The Zanger ReportTM is a nightly newsletter that features
breakouts, swing trading, breakout trading, technical stock chart analysis, stock
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tips, market research, hot stocks, and commented charts with highlighted
chartpatterns. Dan ZangerTM shares additional real time strategy plays daily in his
large chatroom.
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