Daily Market Intelligence 6-15-17
Amazon held 966 it’s ORL level. Spu’s needed under 2427 for lower The Bulls will control the end of day saving the daily patterns. Goldman,CB & Pru are beneficiaries today
IYT…transports are attempting an ORH Yr. above 165. Look for more upside into year end. 165 is your risk to own this sector. KRE…regional bank ETF held yesterday @ 54.40. A close above 56.03 will see this run into year … 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
OIL…remains under pressure. A close today under 74.70 either month is negative. 74.46 is long term mvg avg support. Once below look for a test of the 69-70 decade fib support. This will be a do not sell zone the … Continue reading
The market is still a correction in the Nasd. Investors are rotating ( trying to hide in XLU & Insurers this A.M.) This is simply rotation into what seems to be lower risk dividend instruments. This game too will end. … Continue reading
SPU’s,SSO,Nasd 100,QQQ,QLD,PCLN, ASX 200 Futures,MVV,Midcap 400,XLK,XLV, Are all putting in ORH months. This is a bullish formation. Any one looking to short this formation before Early Monday morning is daft! PG,CB & some of the more mundane names look to … Continue reading
Here are 3 names that haven’t taken off yet.
Nasd 100…3100 should bounce the first time down., however the bigger game will be played out @ 3076.50 which is the Monthly ORL#. SPU’s…1530-32 is the Monthly ORL# and the first downside tgt CB…Chubb Ins, a relatively low risk name, … Continue reading