A.M. look 1/27/20

DJI..elected the stops below unchanged on the year last night.

Spoo came close to unchanged.

3254.50 was the last breakout. The market held that level for a bounce last night before giving way to more selling.

3203.50 is today’s 50 DMA. Intra-day readings t that level would be short-term very oversold. Good spot for a big bounce.

FBTP’s have completed the initial  move started last Wednesday before the ECB.

VIX…Anything over 18.24 is a first exit for longs. At least pay for a good part of your trade!!!!!!!!!!

APPL...304.45 is the bounce level. Closing below is mega bearish.
280-285 would be a level for long-term investors to consider s strategic long.

Carl Weinberg was trotted out on Bloomberg this A.M. to say BUY.
He won’t be the last on the Financial networks.

Let the market ( price action) tell you what to do today.

I have enough matches for a bounce in the Indices from these levels.
That does not mean it’s the low or this is over

Look at your Bloody Sheets.

The earnings calendar can provide a mid-week rally to nowhere.

Monday Jan. 27th

$DHI DR Horton | BMO

$S Sprint | BMO

$BRO Brown & Brown | AMC

$FFIV F5 Networks | AMC

$WHR Whirlpool Corp. | AMC

Tuesday Jan. 28th
$MMM 3M | BMO

$HOG Harley-Davidson | BMO

$LMT Lockheed Martin | BMO

$PFE Pfizer | BMO

$XRX Xerox | BMO

$AMD Advanced Micro | AMC

$AAPL Apple | AMC

$EBAY eBay | AMC

$SBUX Starbucks | AMC

Wednesday Jan. 29th

$ANTM Anthem | BMO

$BA Boeing | BMO

$GE General Electric | BMO

$MA MasterCard | BMO

$MCD McDonald’s | BMO

$NDAQ Nasdaq | BMO

$FB Facebook | AMC

$MSFT Microsoft | AMC

$PYPL PayPal | AMC

$NOW ServiceNow | AMC

$TSLA Tesla | AMC

$URI United Rentals | AMC

 

Thursday Jan. 30th
$BX Blackstone | BMO

$KO Coca-Cola | BMO

$LLY Eli Lilly | BMO

$HSY Hershey Foods | BMO

$NOC Northrop Grumman | BMO

$RTN Raytheon | BMO

$SHW Sherwin-Williams | BMO

$UPS UPS | BMO

$VZ Verizon | BMO

$XCEL Xcel Energy | BMO

$AMZN Amazon | AMC

$EA Electronic Arts | AMC

$LEVI Levi Strauss | AMC

$V Visa | AMC

$WDC Western Digital | AMC

Friday Jan. 31st

$CAT Caterpillar | BMO

$CVX Chevron | BMO

$XOM Exxon Mobil | BMO

$PSX Phillips 66 | BMO

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