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- Last Update: 22 May 2018, 15:20
General Market Commentary
$INDU pnf chart looks like a pause ahead... Current rally over? More time needed. Being prudent and taking some money off the table may be justified here.
May 21 Mon 8pm > Uh oh, somethings not right here.... $RUT, the small caps, has broken out up thru resistance. Do small caps have a priority over large caps $SPX and their growth and earnings? Big up move today in most indices.... Passing through Rocky Mount, NC and found a new gas station selling reg gas for $2.37. An overnight promotion? Wow!
May 18 Fri 9 am > Broad market indicators at chart parameter highs. The $TRAN are in a trading range that must break out to the upside to support any move higher by the $INDU and the broad market. In eastern NC, one can buy gas for $2.58 per gal which is cheap compared to many other areas. Good weekend to all and thanks for your support....
May 16 Wed 8:30 am > The strength of the broad market has been super fueled by oil prices to its highest level in a year. During this time frame, the semi conductors and small cap stocks have also had a sharp upside increase. Today however, a bearish hirami candle printed on the $BRENT closing price. AAPL has made a chart high along with NFLX, printing a triple top. $VIX bouncing off a monthly low... $NYSE chart breaking down. More time will tell if a major top is in....
May 15 Tues 10 am > Yesterday: 'Taking some off the table may be prudent.' Easy sell signals on page one indicators. Gold being slammed today.... SOXL weekly renko delated, way to slow.... Weekly Renko chart of AAPL workable to use.
May 2, 2018
Ahead of its planned merger with Exton, Pennsylvania-based Idera Pharmaceuticals, Durham NC BioCryst Pharmaceuticals has landed European approval for its flu treatment.
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