OXY…Occidental is trading higher this A.M.
use the strength to pay for the trade. Mvg avg resistance begins @ 69.41.
Crude…I’m going to watch this for a while.
Spu’s…have to break 25 points off last nights high and close at least 25 points lower
to think this is more than a mid-week shuffle.
Dollar Index is ripping led by Aussie weakness trading through its 200 DMA.
Today is not a good day to chase direction particularly after the price action last night.
Trade instruments based off their own technicals.
With Rsi’s stretched it wouldn’t take much for a new high or a new low to trap lemmings chasing direction in many instruments.
NXPI,TSM,DIS,VGT,IYM are notable early movers to the upside.
TGT..had blow out earnings and is up $6.50. 79 is first good resistance.