CMA...loses upside momentum below 68.85 and would be vulnerable to a
bout of profit taking.
GS…loses upside momentum below 240 and would be vulnerable to a
bout of profit taking.
bout of profit taking.
Both names were downgraded to sell by Citigroup this A.M.
This could lead to profit taking ahead of Friday’s bank earnings, with proceeds headed for Nasdaq names.
Copper…2.5058 is the 50 DMA. It’s putting in a triangle on the daily formation
making the 50 day the max risk for longs.
RIO…
The days trading will revolve around the Biotech name du’ jour
This A.M. the early gainer is again ETRM which is up 5 fold in 3 days.
