Daily Market Intelligence 5-17-17
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U.S. Financials will be in focus today. WFC, C, FHN, USB, and PNC among those reporting earnings today.DAX…European Financials are trading weak keeping the 200DMA resistance @ 10,078 intact. Closing above is Bullish. 10,729 was the 2015 close. ​Bunds…166.19 is … Continue reading
Stocks… GOOGL… 554-550 is the low risk buy zone NFLX…shows a potential weekly double bottom @ 470. Below, all the new longs will get run out. PRU & CB… are two financials that put in ORH days yesterday. As long … Continue reading
Spu/Bonds are attempting an ORH pattern. This is good for the Banks. WFC, C & KBE are attempting the same pattern. March 30 yr. Bonds should have trouble getting much below 145.25. The entire world seems to think they’re getting … Continue reading
Stocks… Spu’s…2095 will act as support. This level will be pivotal all week. Strong above/Weak below. AAL…gains upside momentum over 51.10. UA…put in ORH day on Friday. Upside follow through should test close to 80. AGIO…price action under 103.50 can … Continue reading
The path of least resistance is up the later in the day it gets. JPM & C are attempting ORH days. GS…is attempting an ORH day. A close over 190.20 would confirm the pattern. KBE… breaks out with a close … Continue reading
Stocks… Spu’s….1846 is unchanged on the year with macro sell stops below. Spu’s need sustained price action over yesterday’s high of 1892 to turn the longer term point & figure chart back up. Nasd 100…3768-58 is the 200 DMA depending … Continue reading