Triggered Stocks
Today GMCR and BIIB ( intraday entry) triggered
New Potential Picks
EPAM— is working on a very bullish pattern as it continues to coil. Buy 43.60 with a stop at 39.75. Targets 47-52
Upside’s Commentary
The stock market fell today, reversing gains earlier in the session as a shooting at the Canadian parliament rattled investors and Biogen and Boeing traded lower following results. The Dow was down 153, or 0.9%, to 16,461. The Nasdaq was down 37, or 0.8%, to 4,383, while the S&P 500 lost 14, or 0.7%, to 1,927. Declining issues outnumbered advancers by a more than 2-to-1 ratio on the NYSE, where volume was heavy.
The market worried that today’s shooting at the Canadian parliament was an act of terrorism. So far it looks that way, as ISIS has already declared the dead guy a martyr. The Ottawa, Canada shooting of a Canadian solider and the shots fired in the Canadian Parliament left two dead, and it rattled the stock market enough to send it lower, where it finished with all three of the major indices at their lows of the day.
The Technicals
Support drops to the 1901 and 1869 levels, with resistance at 1929 and 1956. Tomorrow: weekly Jobless claims at 8:30, the FHFA at 9am, then Leading indicators at 10am.