23Jan11:09 amEST

Follow This Morning Roadmap

3PcNhMJ The market is mixed this morning, with financials lagging and technology leading. SBUX is staging massive post-earnings gap higher, defying the weakness in other consumer stocks of late, namely casinos and autos. My Treasuries short is under pressure, and I am likely to cut TMV into the weekend if there is no fade in TLT by the end of today. As far as fresh money positions, TKMR is a high and tight bull consolidation, seen on the first daily chart, below. A hold over $25.40 renders it an actionable long idea, for this biotech with Ebola exposure. In addition, note that natural gas is thus far confirming yesterday's hammer upside reversal. It is still early, but natty may finally be setting up for another bounce trade. Still, the market has the feel to it that it is coasting into the weekend from here, which means not forcing the issue in many cases is probably best. TKMRUNG

Stock Market Recap 01/22/15 ... Biodegradable Burgers

 
BackToTop
 

This website is intended for educational purposes only. | © 2022 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site