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S&P move above 2900 a minor positive, but Financials still not cooperating- MID_DAY TECHNICAL VIDEO, links to Technical webinar, and charts of interest

Thursday Technical Video- Mid-day

https://stme.in/PAKp654GUN

 

 

Link to today’s Technical Webinar-  20 min-  Best longs and shorts to consider-  SPX structure, and TNX, Dollar, Gold and Oil analysis

https://stme.in/wR2HSRdZBa

 

 

S&P picture after today’s open-  S&P had broken out above 2900 in Dec Futures.  This was equivalent to the 2895 level for Sept mentioned as being important

Going forward.   2900 will be the line to watch separating a bullish from bearish view.  Holding above this gives markets a chance to test highs.. and can’t afford to be broken without expecting weakness down to 2875, , and then 2865-7.  US Dollar pulling back to what needs to hold for the bullish view..  and Yields have pulled back a bit to erase early week gains.  Crude giving back some of the last couple days gains.. but overall this move should be used to buy, technically-  Gold meanwhile has attempted to bounce, but it looks like this will require more time and near-term its right to sell into 1220-30 Gold until this can show more proof

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SM-  SM ENERGY attractive given what WTI CRUDE has done this week-   Breakout likely can lead higher, and like owning technically within energy

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Callaway Golf- ELY- stands out as an attractive technical long and this flag pattern likely gives way to higher prices

 

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WYNN and the casinos have bounced a bit providing good technical shorting opptys.  This group remains quite weak and right to sell into gains, expecting another move back to new monthly lows

I like shorting WYNN and LVS

 

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