Daily Market Intelligence 11-24-20
AMZN it has pierced its 200 DMA @ 1730. Look for breaks back into 1730 to hold and match up with the Indices. 1775 is resistance with the really big stuff coming in just shy of 1800. Spu’s Looking for … Continue reading
Resource names are still going. LNG,GLNG,DVN,GPOR & CBI in Natgas Infrastructure. IBB is attempting an ORH day. This sector is not overbought. The risk to own this sector is today’s lows. ILMN,GILD, BIIB,SRPT,ICPT & GSK are attempting ORH days. The … Continue reading
Stocks… Spu’s…1990-92 needs to hold on the P&F for another bounce. Closing under 1980 leaves way for a much bigger correction as laid out in the qtrly update. Nasd 100… 4550-75 is resistance. Bonds… 30 Yr. …bonds can lose steam … Continue reading
Stocks… GLNG…51 is the near term resistance and the upside momentum #. The pattern remains positive as long as this maintains closes above 49. Bonds … 30 Yr. Bond…(M) June needs to press and sustain above 153.05 resistance for higher. … Continue reading
I like the early lows in the Equity Indices. You still need to stick with the names that are not interest rate sensitive through the Fed. Cyber security names CYBR,FEYE,SWKS all held. AVGO, GLNG, RHT, & GWPH are trad-able against … Continue reading
DXE..97.00 is resistance in the Dollar Index. That’s just a heads up that most of the Dollar strength looks to be over for the early part of the day. 30 Yr. Bonds held the 200 DMA. That could set up … Continue reading