Morning Market Analysis 09/17/2024

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by

Tuff Money
in

SPDR S&P 500 ETF Trust (SPY)

Index – USA

Retail sales YoY for Aug 2.10% vs 2.66% prior. SPY trending up in premarket and breaking out to ATH. More economic numbers later today.

  • STOCK – ATR: 7.44
  • STOCK – RSI daily: 59.59
  • STOCK – Resistance: 565.16
  • STOCK – Support: 564, 560

Palantir Technologies (PLTR)

Software – Colorado USA

PLTR & Nebraska Medicine signed a multi-year contract to enhance healthcare. Currently trading above 37 premarket and continuing recent 9/9 trend.

  • STOCK – ATR: 1.41
  • STOCK – RSI daily: 75.23
  • STOCK – Resistance: 37, 37.5, 38
  • STOCK – Support: 36.92, 36.5, 36.25
  • STOCK – In Play Catalyst: Continuation
PLTR 5 min 09/17/24

Smith Micro Software (SMSI)

Software – Pennsylvania USA

SMSI filed a request with the SEC to allow the company to withdraw its registration statement for a common stock and warrants offering. A bit beat down on the daily. Low float volatility.

  • STOCK – ATR: 0.08
  • STOCK – In Play Catalyst: Positive News
  • STOCK – RSI daily: 20.85
  • STOCK – Resistance: 1.00, 1.10, 1.60
  • STOCK – Support: 0.85, 0.60
SMSI 1 min 09/17/24

Wheeler Reit (WHLR)

Retail – Virginia USA

Possible breakout starting premarket. Daily looks like a pullback with 2 day volume increasing.

  • STOCK – ATR: 2.03
  • STOCK – In Play Catalyst: Technical Breakout
  • STOCK – RSI daily: 58.26
  • STOCK – Resistance: 10, 12.45
  • STOCK – Support: 8.75, 7.50
WHLR 5 min 09/17/24

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