Tuesday Market Wrap=One New Setup

{+++} The market has just been flopping along here in front of some very big events later in the week.

On Thursday the ECB will move on lowering rates and maybe even throw in some some QE. On Friday we see the non farm payroll number. These are both huge macro events.

Biotechs IBB are going sideways this week and look like they may want to break higher. We will see. We are long MDVN and JAZZ in that group.

Energy still looks bullish for now and we are long FANG.

The most interesting sector was the semiconductors (SOX, SMH) today. and is making 5 year highs. As a result I am adding TQNT to the P&L. You can also look at NXPI as it looks really good but I am only putting TQNT on the list.

TQNT buy the 15.40-15.95 level.

tqnt

See you in the moning

 

 

Previous Post
Sunday Video With Setups
Next Post
Wednesday Market Wrap-Europe On Stage Tomorrow, Jobs On Friday

Recent Articles