Fed days can be tough to trade, usually a volatile and light
open followed by pan flat for an hour or so before announcement and then
another bout of stop running. Since we are flat I have no intention of initiating
any market trades (potentially stock specific plays but will trim into announcement)
until post-Fed.
$TRIB holding in reasonably well would like to see it
through 20.00 soon. I’m not sure why the 18.80s continue to present such
consistent resistance but if we can leave them behind I think the stock could
begin a new uptrend.
$SPY inside
day yesterday 208.42-206.98, both edges likely to be tested today. Close is
important.
$IWM leading. Bullish engulfing day yesterday
$CL_F new lows every day, may get a rip or 2 along
the way
$AAPL at DTL here, it is in this channel until it isn’t,
don’t rush in.
$AMBA strong stock but too extended now. Waiting for
new pivots to emerge.
$BABA trying to
bottom, a big lock-up expires today but that is not ‘new news’. Pressing
against DTL 85.00 level to break and ST watch 83.51.
$CSIQ Nice move
yesterday, too extended to be involved here but on my watch-list 35.00 a key
level
$FB trying again to break its 9 month channel. Needs
to break 82.00
$FEYE and $CYBR had interesting candles yesterday.
Still watching.
$GOOGL second inside
day in a row yesterday, 555.00 is support 564 resistance. 560 is the 200sma and
550 the level it needs to hold for bulls. In a key area!
$KRE $XLF was stronger yesterday but some time churning
above 41.00 is constructive, be involved in a trend day up.
$SPWR solars were
strong yesterday, this one has held its ER gap v well. Watching 32-34.00 range
$TSLA is very weak IMO, I think a trip to 120 is v
possible. 180-185.00 is HUGE. Unless it retakes 225ish don’t trust rallies.
$TWTR still waiting for some volume and a break of
its range. Be patient.
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