Daily Market Intelligence 5-9-16
Daily Market Intelligence 5-3-16
Crude..living in its own world. My resistance starts @ 46.29. We’re up 8 dollars on the month, there is no reason to think this ship gets turned before tomorrows close. GOOGLE…smells like three day old dead fish Nasd 100
Time Frame Trading the rest of the day. Bonds gave you one nice bounce to unchanged to the all session weekly close of 162.11. Looking at the board I have my doubts you’ll see it again. 2075 in the Spu’s … Continue reading
Not crazy about the price action. Everything is losing momentum.. This will be a late day trade to see who wins. Time to protect your positions going into late tomorrow.
IYT…today’s low of 140 is the 200DMA AMZN.. GOOGL.. FB… FYI…Bonds are not breaking and I’m not in love with the Indices up here. I just favor a couple of the names.
Stocks… The indices have done their thing both ways over the past 2 Globex sessions. From the 200 DMA in the Spu’s @ 2012 to 2040 closing resistance. Closing over 2040 is needed for a 30 point swing up into … Continue reading
Stocks… Nasd 100….4360 is resistance. A retest of 4265 would make for a low risk buy. NFLX…12% since last Wednesday. Anything into 101 is pretty good resistance AMZN…585 is mvg avg resistance and a 50% rally off it’s FEB low. … Continue reading
Stocks… AMZN…closed below it’s 200 DMA for the first time since Dec 2014. GOOGL…a good close below 735 is needed for another big sell off XLI…as long as this sector holds a sell off into the low 49’s and does … Continue reading
AMZN…below here I’m looking for 490. Support on the semi-annual maps start start! @ 434. GOOGL…closing below 778 will have seen a blow off earnings high. FB…a close below 112 today puts in a trad able high. Gold…didn’t break anywhere … Continue reading