Daily Market Intelligence 5-16-17
11:00 A.M. CDT USDA Crop report. BEEKS will be snowbound on a train in the N.E. corridor. TWTR…17 was the previous breakout level for Twitter. Twitter needs to hold this level after New York comes in to avoid a … Continue reading
Stocks… AAPL…needs sustained price action and a close over 112.50 for an upside breakout. GILD…sustained price action and a close over 104.00 is needed for more upside. TWTR… remains positive as long as there is no close below 29.80 XLV…70.30 … Continue reading
Stocks… TWTR..sustaining over 31.50 leaves way for another 5 dollars. DIS…needs under 105.60 to weaken. Bonds … 30 Yr….157.25 is today’s mvg avg support. Bund…156.45 is today’s mvg avg support. FX… GBP/USD…is strong on the crosses. GBP/JPY is … Continue reading
Stocks… Spu’s…1919-22 is support and the closing downside pivot. 1968 will delineate the upper band today. Nasd 100..a close under 4240 is needed for further downside. A close over 4315 is needed to think the downdrafts are at an end. … Continue reading
ZTS…is breaking out to the upside as long as this holds 47.40, look for a run to 49.00. Crude…I wouldn’t chase the rally into today’s highs which is mvg average resistance. DIG & XLE show the same pattern as OIL. … Continue reading
TWTR…tweeters can buy Twitter with a stop below today’s low to see how far it can rally. 44.70 is first resistance. IBB…299 is the first upside swing count off the monthly ORH pattern currently in play. TWX…a close today above … Continue reading
Stocks… Spu’s…need new strength over 1954-56 for more upside. 1st support is 1931-34. FB…Needs new closing strength over 66.60 for another move higher. TWTR…34.55 is near support. On the daily chart this looks poised to test the 50 DMA @ … Continue reading
Stocks… PCLN…1276.75 is the monthly ORL #. A Friday close and sustained price action over this level on Monday would generate new upside targets. TWTR…is trying to bottom. Those that wish to buy this should use a 32 stop on … Continue reading
Stocks… Nikkei..is attempting an ORH week with a close over 14,490. DXJ…The lotto ticket for those looking for leverage on an upside breakout is the 47 or 47.50 “30 May Call” or the “June 6 Call”. Caveat Emptor…I’m not a … Continue reading