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Watching ADX today for a bounce, considering the broader market
The broader market seems a bit soft, $US30 is down slightly but holding its own. However, $ADBE is seeing a bit of a tumble post-earnings, currently down to 264.02. I'm keeping it on my watchlist for a potential bounce if it can hold 260s; the market often overreacts initially. Conversely, the $VNM looks like it's feeling some pressure too, but at 17.16 it seems to be finding some footing near its daily low.
1 comments · 9 points
ADX is interesting, but I'd be cautious about catching a falling knife on $ADBE, especially with broader market weakness. Post-earnings sell-offs can linger.