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 … Continue reading
Amazon led early to test its 200 DMA. IBB elected the buy stops above its 200 DMA EXEL failed to extend as UNH hit its target @ 261. MSFT gaping above its 200 DMA seems to be the value trade. … Continue reading
Daily Market Intelligence 1-16-19
Steel names are up and look to go higher. MU,WDC,STX and the rest of tech were opening range trades. PSX,HFC & VLO are bucking the Oil tape. EXEL had a good hold this A.M. in Biotech. This is a long … Continue reading
Yen crosses are mirroring a risk on board. EUR/JPY 132.19 is the weekly ORH# with mvg avg resistance @ 132.29. Expect price rejection the first time up to match up with the 50 DMA in the Spu’s. EXEL…25.52 is first … Continue reading
Infotech has been bid all A.M. STX, WDC has stayed firm. I bought EXEL against the low of day looking for 25.25 to pay for the trade. Oil is strong with the energy names going bid. Micron (MU) led out … Continue reading
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