Spu’s keep holding the 200 DMA on these mid day breaks. Stocks trying to bottom out today. These will take into the close for upside momentum verification. HZNP, CELG,BMY & IBB are all attempting bottoming patterns. NFLX AMZN FB PCLN … 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
XLV & UNH are the only 2 things I want to own on the board. IYZ…the telecom I shares ETF is putting in as bottoming pattern, working on an ORH week. Closes over 30 is needed to confirm the pattern. … Continue reading
Stocks… YELP…I gave it a go and it rallied 3% right into weekly resistance @ 48.50 and rejected. I’m not married to it. Biotech always has a couple of names in play for 5-10% a day. Time to refocus. KITE.…rallied … Continue reading
I bought YELP on a pattern break out. I’ll be using a 46 Stop On Close. Reasoning: I was looking at names that were not interest rate or Dollar sensitive. Social media is in it’s own world. On that theme, … Continue reading
BUY Yelp @ the Market!
GS…needs over 181 for upside momentum. COST…147.50-146.80 is the low risk buy level today. CME…who needs humans when the bots will trade twice as much with 75% less liquidity. CME is attempting an ORH week. This looks set to test … Continue reading
V…Visa looks to have bottomed. The first test is 207.50. The stop for any attempted long is 203. FEYE…between Palo Alto Networks Fireeye looks to have better upside to close 44.50. PANW resistance starts @ 66.35 ITB…rates are low and … Continue reading