[Platinum Watchlist] (6.1.23) 2 Stocks on the radar

Good morning  

Stock futures were up this morning until labor market data came out where weekly claims rose less than expected, and private employment grew ahead of expectations in May, bolstering expectations that interest rates could stay higher for longer.  

Yesterday’s market price action triggered some sell limits in the paper trade portfolio which you can review in the above post.   

AMZN remains in the portfolio this morning as it closed down yesterday with the broader market but remained above the cost basis. 

All of the oscillators remain in the green however price action is pushing up against resistance at 121.14. If momentum pushes price beyond that level, more sell orders are likely around 123.07.  Initial support will be found around 120.11 followed by the 9-day SMA. Keep tight stop limits to defend gains and utilize support and resistance levels to help guide where buys and sell orders should be placed.  

COF remained above the 200-day SMA and the 9-day SMA crossed over the 200-day SMA. ALl the oscillators are in the green. Support will be the 9-day SMA with sell orders likely around 106.87.  

Have a great day.  

This information is for educational purposes and is not a recommendation to buy or sell a security.