Plungers tried lower early. AMZN & GOOGL above today’s lows keep the board bid. Energy names are seeing bottom fishing. COP, CXO & DVN look most interesting. AMZN should lead late day as Investors will expect a big Prime Day.
Tech and internet related names lead. Nasd/Bonds are above the 2000 High which portends more tech strength. Spu’s..resting pattern buy stops are over 2797.75 AMZN…1792 is the first fib extension. 1835 is where it wants to go. GOOGL…1201.49 is the … Continue reading
Shanghai Comp led Bourses higher. Amazon is trading @ new all time highs. Hunt internet names. Expect a two way time-frame trade.
Mid-Week Shuffle low!! GOOGLE is leading today with an ORH day targeting the old high @ 1201 Spu’s closing above 2789 will have the bears crying in their soup. Hunt the usual suspects…FB,SQ,PYPL, AMZN GOOGL…
Soybeans…need to hold last night’s low. It will take a close above 8.77 (X) November to confirm the retest low. Nasd 100…The Long-term 100X3 Point & Figure shows that traders should exercise caution chasing initial strength. Amazon is running the … Continue reading
Daily Market Intelligence 7-10-18
Daily Market Intelligence 7-5-18
Daily Market Intelligence 7-3-18
Equities found early footing with Mutual Fund buying The early direction is ebbing with retests in AMZN,IYT. Semi’s have lagged with Micron & Nvidia trading well. Non-correlated names like WDAY & SHOP were the best early trades. Investors want to … Continue reading
Daily Market Intelligence 7-2-18