Yesterday the SPY attempted to open above its previous two days high and key resistance at 119.00 and failed to hold. That resulted in a down move back into the previous range and that made the market unclear. EUR/USD showed some weakness today in the london session as shown in the chart above and I also attached a chart of the GDX and how gold followed through yesterday after my analysis.
Today ill be waiting to see the open and I will be waiting for the US GDP report number to come out. We should get some volatility today.
Longs:
ORCL: A long after we took out resistance at 29.30 yesterday.
DIS: A long with room to go. IPT 37.50
INTU: Took out resistance at 48.00 and held yesterday
TXN: A long that formed a bullish flag intraday.
UAL: Bullish flag on the hourly.
Breakouts:
ABX> 47.00
TWC: 58.45
LLTC> 31.85
USB>45.60
Shorts:
HGSI: A sell short that had some short covering for the past weak, notice the volume though as it has been below average on the updays reflecting the short covering, price then attempted to go above its resistance level of the past 8 days and got rejected on above average volume. This stock should resume down.
WLP < 54.20
LEN: A sell short again after the short covering dried out.
TGT: Short selling dried up and now has to take out key support before moving down.vxx
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