Daily Market Intelligence 6-2-16
Stocks… Nasd 100…has broken out again on the monthly & qtrly charts. As long as the Nasd 100 holds 3740 it remains a buy. There is a last remaining resistance zone @ 3790-3817. Once above expect a test of 3885. … Continue reading
Stocks… Spu’s…1894 is resistance. Nasd 100…gains upside momentum over 3593 close. DAX…put in a ORL day Friday and is following through to the downside. 9426 is mvg avg support. This is just one more tired Index that keeps failing at … Continue reading
I’ve looked at a myriad of names and written the technical levels to either exit shorts or buy, to play for a bounce. Many names look ripe for oversold bounces. LVS, WYNN & UA look tempting. Some names have retreated … Continue reading
Stocks… Spu/Bonds & Spu’s…did not put in an ORH pattern. Spu’s… need over 1847 for higher, or 1836-37 for a push lower. Nasd 100…(ENQH4) all session put in an ORH pattern yesterday, however the NYSE ( Chicago Pit session) did … Continue reading