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Tonight’s Action List for Tomorrow, Tuesday, April 16, 2019, as Lyft Stock Collapses, CenturyLink Back to Lows

Markets traded mostly flat on the day as Goldman Sachs $GS posted its ER. The investment firm needs new ways to grow.

$GE is back in the sub-$9 range. The $10 resistance will keep a lid on any real rally for 2019.

$GE, GENERAL ELECTRIC CO / H1

$AMD backed down from $28. No $30 yet until the stock gets closer to its ER (earnings report). $NVDA followed with a drop on the day.

$AMD, ADVANCED MICRO DEVICES / H1

Drug store microcap $RAD Rite Aid fell 12% ahead of the stock split.  Stick with $CVS, $CI, $WBA.

$RAD, RITE AID CORP / H1

$NIO continued its disastrous post-earnings collapse. Sub- $5 and still falling. Avoid. Even $TSLA Tesla is a better trade. $IQ, another China-based stock, could fall below $20.

$NIO, NIO INC - ADR / H1

Weed stocks drifted lower. Without market rallies, cannabis stocks will favor bears betting against it. Watch $TLRY (Sell). $CRON, $CGC $ACB.

$CRON, CRONOS GROUP INC / H1

$LYFT is a post-IPO bear’s favorite. From $85+ on opening day to close at $56. Sell. Buy puts next.

Lyft, below. OUCH:

$LYFT, LYFT INC-A / H1

CenturyLInk $CTL. Well, it turns out the stock did not bottom yet, revisiting the $12 support line.

$CTL, CENTURYLINK INC / H1

Sunday’s $FB outage was a non-event. $200 next.

You next. What are you trading for tomorrow?

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