AAPL is holding for now. Closing lower today would be very negative the overall market. JPM.. held the top of the cloud and can rally 1-2 dollars before hitting resistance 88.43 is the 50 DMA. It would take a close … Continue reading
You won’t go broke taking some money off the table or collaring your risk XLF… KRE & KBE are putting in a similar pattern. These two are well into their gap.
KBE… regional banks are doing better than the majors testing their yearly high of 34.38. Closes above 34.60 is needed for another run. COF…has broken out on a weekly and has room to 75.30 where is should run into monthly … Continue reading
Daily Market Intelligence 8-8-16
Daily Market Intelligence 5-19-16
I bought some AAPL just after the opening. With everyone so negative and a mid-week low, it was worth a go. I’m using a stop at today’s low. DIS…Cramer said to sell so I bought with a stop @ today’s … Continue reading
The news that Tesla is getting into industrial & home Solar storage is setting the Solar names on fire. I like the space long term. I’m going to use a tight stop of today’s low for the TAN trade. Let’s … 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