{+++} For the day the SPX/DOW were +0.65%, and the NDX/NAZ were +1.25%. Bonds gained 7 ticks, Crude rose $1.15, Gold dropped $10, and the USD was higher.
Tomorrow is FOMC day and we enter the day short term overbought, so extra caution. There are still setups I like a lot. Here are two names I’m adding to the P&L as long candidates.
SWIR is coming out of a base with a potential breakout at the 24.70 level that could lead it to lateral resistance around 26.60 then maybe higher. Buy it at the 24-24.50 level.
WWE has been a big winner this year. For now, wait to buy the breakout at the 31.98 level.
See you in the trading room in the morning.
JD