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I concur this level 43.75ish fails.. then 39.45 next key level.. May hold it may not.. then $36ish.. possible worth a stab at a long term swing.. /CL weekly chart fwiwMrMiyagi wrote:$37 Crude might be the bottom. Still a ways to go.QED wrote:Today is the last of the roll from the /CL July contract …
The “situation” in Syria is getting very serious …
Today could be the low in oil for now.
The people in the control room in the Marriner Eccles building are staring at a 10 point drop to Fridays close to fill that gap. I don't think the most powerful woman in the world would be pleased if they let it happen without some sort of news item for the press to talk about.Shaishen wrote:ES triple bottom off IB low and positive divergence..place your bets
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ES: Today value at 2443 right now which could indicate visit to yesterday's low, back to IB low again - break down now or another bounce?Trades with cats wrote:Rut Row here we go again in the ES. I guess the bulls can't stay focused.
ooops, forgot the tableAl_Dente wrote:The dow
YESTERDAY [Bespoke]
Due to some pretty significant sector rotation that we’ve seen over the last couple of weeks, the 30 members of the Dow are pretty scattered right now. In a “rising tide lifts all boats” type of market, you’ll see the entire Dow moving higher in unison. That’s not the case right now as some stocks in the index are overbought, some are neutral, and some are oversold.
Of the 13 overbought stocks… BA, JNJ, MMM, and TRV are at the most extreme levels.
Of the 4 oversold stocks, NKE is the most beaten down. DIS, INTC, and AAPL are the remaining oversold names.
On the downside, VZ is the deepest in the red with a YTD decline of 12.65%. GE, CVX, XOM, and GS are also solidly in the red.
A couple of weeks ago, AAPL was the best performing stock in the Dow on a year-to-date basis, but declines have left it up just 22.84% YTD coming into [yesterday]. BA is now the best Dow stock so far in 2017 with a gain of 26.18%.