I’m reticent to say anything. ULTA put in an ORL at the bottom of a move yesterday. These are always Bear Trap levels. If you like the name risk no more than today’s low. 241.60 is resistance. The operative question … Continue reading
Daily Market Intelligence 8-14-17
MCD & BUD remain the features in Food & Beverage. GIMO..Gigamon is putting in a bottoming pattern PCLN is putting in an ORH week. Put this on your radar on a 15 dollar pullback. I’m told the options are a … Continue reading
Daily Market Intelligence 5-26-17
Daily Market Intelligence 8-26-16
Oil…44.00 +- a few ticks is the next matrix level. CVX…102.46 is today’s ORL#. Today’s high @ 105 represents a weekly double top. The profit taking in the energy complex has not run it’s course. Oil is completing the ORL … Continue reading
Daily Market Intelligence 6-27-16
Daily Market Intelligence 5-27-16
Stocks… Spu’s…2031-32 is initial support. 2044 is short term momentum. Spu rallies are getting caught up in the mvg averages again, where they have so far failed to gain upside momentum. 2056-59 (the 50 & 200 DMA’s) is the level … Continue reading