Tuesday Market Wrap- New Name

{+++} For the day the SPX/DOW were +1.45%, and the NDX/NAZ were +1.60%. Bonds lost 22 ticks, Crude dropped $1.65, Gold slid $16, and the USD was higher.  Get this, (if you follow support and resistance levels that I post every night), short term support rises to the 1869 pivot and SPX 1859, with resistance measuring to the 1900 and 1960 levels.

One new name tonight.

I want to reenter SPLK.   I think the recent sell off is overdone and I”m buying the 91-93 level tomorrow and I’ve added it long to the P&L as a swing trade.


In case you are wondering, I still have CLDX on the P&l because it gapped below my stop. When that happens, I will usually hold and adjust stop, so for now the new stop is the low put in yesterday at 25.75.

Also, SGNT and HZNP triggered. ANAC top ticked right at the open and it didn’t trigger.   Ialso raised the stop on the remaing piece of PLUG.

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