Please enable javascript in your browser to view this site!

Energy continuing to strengthen- BRENT breaking out, WTI at key 50 level

gm-  WILL BE ON CNBC today at 3:30pm..  

S&P up to near-term Make-Or-Break 2464-6 and getting OVER 2466 would be a mild positive while over yesterday's intra-day highs 2471 would argue that the short-stance is premature and a push back to new highs would result, BEFORE the larger breakdown-  Most of Asia finished lower along with Europe being mixed..  Treasuries are showing some weakness this am with Yields up across the board, while DXY is largely unchanged.  KEY DEVELOPMENTS in the last 24-48 hours concern the rally in Energy with CRUDE pushing higher and now back to important trendline resistance at 50..   while Financials have backed down after failed breakout last week-  Both of these important to note-   For now,  Shorts would be stopped OVER 2466,, while necessary to get back UNDER yesterdays lows to really jumpstart the decline again down to lows-  2445 important in that regard-  Early gainers in VSTM, PTN, SRPT, BCRX, DLTH, FCAU, INFI, NAV, GNRC, HDS, while on downside- TRVG, FRAN, NWL, PLAY, UAL, GDDY- IRT-  Let me know if you have any questions