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My own HFT station
For the day the SPX/DOW were +1.10%, and the NDX/NAZ were +1.75%. Bonds gained 4 ticks, Crude rallied 80 cents, Gold rose $2, and the USD was lower.
Short term support rises to 1869 and 1841 ( remember that it was 1841 and 1828), with resistance at the 1901 and SPX 1927. Short term momentum ended the day extremely overbought. That 184 level was “money” even though it broke intraday. The close is what matters.
Tough call here. Did we bottom because of dovish Fed minutes or is this just a head fake? I’m bullish because of the Fed minutes and I think earnings have been discounted. That bar is really low on earnings right now. They play this game a lot.
The Nikkei is up right now, but don’t get excited, they follow us now, we don’t follow them.
Call me a silly optimist, but here are some longs. I cant do charts tonight, so here are the levels to buy. Always check the P&L tab on the blog for you new folks.
I try and play cautious but I cant play afraid. If you are a new subscriber I recommend 5-10% in each name. If you are a salty veteran then you know the drill.
C- 46.75-47.30
EVR–53-54
ISIS- 39-40
MYL-48-49
NBG -5.83
PCYC- 102-104
SPLK- 64.50-65.50
WDR- 70.50-71.40
YELP- 70.50-71.65