A.M. Look 7/26/17

OIL…it will take 2 closes over 48.50 for a convincing upside breakout to retest the upper end of this years range.

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Euro...held a retest of the yearly ORH # @ 116.17. Sustained and closing price action below this level is needed for the Dollar bulls calling for this bought of weakness to be officially over.

AMD is up 10 % after earning with EXAS sciences putting in a bid back into Biotech.

 

AMD…you can take partial profits to lock in some gains.
i suspect this name will trade similar to NFLX where it just hangs higher trying to relieve its RSI.
 
It’s Wednesday…The game will be this afternoon
with the FOMC.
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