Stocks...
TWTR…I have 2 downside targets, 31 and 15.
31 +- a touch needs to hold today going into early tomorrow for a short term hold.
A 10% bounce is as much as I’d initially look for off the 31 level.
TSLA…needs price recovery back over 211 is needed for bottoming action.
AAPL…price action in Apple under 590 will lead to spill over weakness into other indices.
NFLX…has a particularly weak looking pattern with an ORL day.
Jack is back! (Jack Bauer 24)
NFLX…put in an ORL day. This needs to hold The mid 320’s and reverse back up for any upside.
GOOGL…519.36 is the 200 DMA with the April low being 511.
Watch for general market tone in the Indices. This is a make or break closing level for the Google.
Bonds
10 yr. Bonds…124.19 is support and downside momentum #.
125.00 +- a couple is resistance.
FX…
Euro…139.50-67 is resistance and the upside closing pivot.
Commodities…
OIL… Recovery and a close over 100.50 (200 DMA) today’s near term resistance, is needed for a rally.
Brent…needs price recovery over 107.95 resistance to rally.
Gold…1300-01 is support and the downside pivot. Below it could roll back into the 1280’s.
General Comments orValuable Insight
Welcome to the mid week shuffle.
Looking at the daily and monthly Spu/Bond spread Equity Indices either hold or they don’t right in here.
Opening Range Time Frame Trading again today.
Short Term View…
Keep trading to make money. The opportunity will be in individual names.
Individual stocks look to be an easier read based off their own technical s.
