Good evening, Bulls.
SPY held on to SMA20 today and there were actually some signs of strength under the hood. We have to remain nimble – the bulls are not in control, but have not yet lost it either. We’re in an earnings season battle ground and the more data we get, the more we’ll know and the more the market will move one way or another.
Don’t forget, it’s not just about earnings. Economic data tomorrow includes job numbers and PPI data.
Here are the recently closed swing positions: did you happen to notice CT? That’s a 50% gain.
Here are some new additions to the watch list:
SPRD -Could open up bollinger bands and testing SMA50.
GPOR -Nice bounce today, but needs volume.. waiting for horizontal resistance break
ALTR-Watch for move out of channel
ALXN-breaking through horizontal resistance and sma10. needs volume.
HYC-Over horizontal resistance
DHR-Over horizontal resistance
RL-Over trendline resistance
FE- Nice break through sma200. Now I’m looking for SMA50
CSX – Trendline support