Campbell's Soup stock (CPB) is now up $33% in a few weeks, since buying it on the pullback to the Yearly S2 Pivot @ $33. Looking to scale/sell some soon at the 200day $44. The Ys1 Pivot @ $40.65 should now be support this year.
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General Electric stock (GE) is making a double bottom on the Yearly S1 Support pivots. Perhaps the worst is now over for GE? I like buying good quality companies when they go on sale on Yearly Pivots. I'm long GE down here using a stop <Ys1.
Gold ETF GLD is near strong support at the Yearly Pivots @ $120-$118. The Yearly R1 Pivots was the high earlier this year. YR1 to YP=Textbook. Look for strong support and a reversal soon.
Small caps ETF IWM is at strong resistance at the Yearly R2 Pivot. The biggest reversals happen at the Yearly Pivots. Yr2 is a good spot to reduce or hedge risk, imo. I see risk back to $165 or $161.
Campbell's Soup (CPB) stock this year, fell to the Yearly S2 Pivot Point(YS2) @ $33. That is where I see good risk reward. I'm long at $33 risking $1 to make $7. CPB should came back up to the Ys1 Pivot @ $40 sometime this year.
We have had big moves the past few weeks buying the pullbacks on the Yearly Support Pivots. Once again, the Yearly Pivot Points showed us where the best risk / reward is at.
Home Depot's stock price fell hard in February and March down to the Yearly Pivot(YP) @ $170 and the 200day moving average. I recommended to subscribers to buy there using a $1-2 stop, with a $30 -$40 profit target. Risking $1-2 dollar to make $30-$40. Today, HD stock price is now at $200. My target is the Yearly R1 Pivots $207-$210.