General Electric, Ticker: $GE
General Electric, $GE,
Intel, Ticker: $INTCWealth Strength IndexAAPL is Extremely Up and trending Up
Olin, Ticker: $OLN
Total System Services, Ticker: $TSS
Total System Services, $TSS,
Zion Bancorporation, Ticker: $ZION
Zion Bancorporation, $ZION,
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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with another FOMC meeting in the books and the April employment report behind, saw equity markets strong and moving higher again.
Elsewhere look for Gold to continue lower in its pullback while Crude Oil joins it as it turns lower. The US Dollar Index is also reversing lower while US Treasuries reverse to the upside. The Shanghai Composite ended its short week pulling back but Emerging Markets are now poised to reverse back higher. Volatility looks to remain at very low levels keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. Their charts all look strong on the weekly timeframe. On the daily timeframe it does looks like the QQQ is ready to consolidate while the IWM takes the lead, with the SPY driving higher as well. Use this information as you prepare for the coming week and trad’em well.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.