- Futures are slightly down to almost flat
- Economic reports came out mixed
- Jobless claims and continuing claims continue to lower
- Personal spending and durable orders missed expectations
- USD/JPY bounced off of strong support
- EUR/USD slipped below the 150 and 200 day moving averages
- GBP/USD moved between the 200 and 150 day moving average
- Light volume today as it is the last trading day of the week
- Market closed tomorrow for Christmas Eve
- Dip buying still strong
- I closed most of my positions, will be looking to short puts into the new year
Stock Watch
 |
| AGM |
AGM putting in a nice inverted head and shoulders. Looks for a break of the neckline before entering the stock. I would put the stop-loss right below the low 12/20/10 @ $15.00.
 |
| YUM |
YUM Brand Foods is creating a nice triangle. Look for a break of the trendline at about $50.46. Aggressive stop right below the 50 day moving average. More conservative stop below the lower trendline.
No comments:
Post a Comment