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- Last Update: 26 May 2018, 0:00
General Market Commentary
May 24 11:20 am > On again off again.... Make up their mind? Both the 1 yr ERX charts were spot on finding the top. Gold up $15. Top in on $RUT and world indices?
May 23 9:45 am > Good morning... The $INDU pnf chart is showing support at 24650. The daily 1 yr ERX candle chart shows the perfect double top an sell signal yesterday. Several indices retraced yesterday from their resistance levels. World market indices retracing from higher levels. Careful trading at this time.
May 22 Tues 6pm > Several indices retraced today from their resistance levels.
$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 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.
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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