16Jun10:07 amEST

A Few Ideas Brewing This Morning

As the Fed Meeting begins today, we have the market flipping back and forth between red and green, still with no clear directional break.

In the meantime, within biotechs we have huge gaps higher, like AERI, and monstrous gaps down, like AAVI, reinforcing the risk associated with playing that sector even in a ferocious bull run. 

Elsewhere, TWTR continues to fall out of bed, as the failure to hold over $36 on the CEO change looks to be a major red flag going forward. I suspect the stock could easily recover quickly when the company gets its act together. But that clearly has not happened yet. 

And natural gas is coming in a bit after yesterday's rally. I am watching $13.82 on the UNG ETF, below on the 30-minute chart, to see if it holds as support. 

Stock Market Recap 06/15/15 ... A Sneak Preview of the Next ...


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