Midday Missive

CVS put in a nice low.

IBB ran the monthly ORL sell stops and reversed.
Bullish


EXEL put in a tradable low.

Chips were bought early.
I bought AMD May 28 Calls ..currently flat the calls

Gold rolled over leaving one to look for more risk on.

Germany and Euro Stoxx 50 are higher.

Oil held perfect support that was highlighted last night.

The names are a mixed bag.

I have no desire to sell the Indices.

Spoo’s are currently in a range between 2873 on the downside and 2889-91 on top.


Sustained price action either way is needed to determine the next move.

 

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