Daily Market Intelligence 7-7-16
SOXX…led yesterday. 87.65 is the 200DMA INTC…31.28 is the 200DMA Aussie…trading at it’s 200DMA ​Semi’s are getting overbought and into mvg avg resistance. The metals have been strong all A.M. which has been indicative of a Risk off bias. IBB..has … Continue reading
Stocks… ASX 200…the Aussie stock market is firm above 5264. EWA…sets up a little different than the futures. A close over 19.40 is needed to confirm higher AAPL…closing over 120.25 will start another leg higher. INTC…closing over 34.75 will lead … Continue reading
This is a Closing Trade SELL MMM & INTC @ the Market!
Stocks… SPU’s…2093-95 will be pivotal all day. The index can hold here, however sustained price action under will lead to more profit taking. DAX..11,200 is the hold level. Sustained price action below this level will have me looking for a … 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
These are opening positions with a 10% portfolio weighting. MMM… It’s low volatility, Dollar sensitive, and is putting in an ORH day with a close over 169.75. The risk to own this name is a close under 167.00 BUY MMM … 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
21.02 is the weekly ORL # Resting stops below this level could lead to 20.90 where it should run into trouble following thru to the downside
This was a monumentally big hold in Intel at today’s opening range.