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