• The SPY move yesterday brought it almost to the 100% extension of Wave 1. We’re in a good area for SPY to pullback for Wave 4 now, if it’s going to follow the ideal trend (the market is rarely ideal). Job numbers may be a catalyst this morning, with resistance above at 456.80, 457.60 and 461.30. The ideal retracement before the next leg…

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    Steve posted a new post. 2 years ago

    2 years ago

    OP Wire 1/20

    The opening bell rings this morning after stocks closed in negative territory yesterday as investors brace for the possibility of more aggressive tightening from the Federal Reserve. …

  • I just realized that I was watching TGT for something else and accidently added it to this week’s watchlist on the bearish side. TGT should NOT be on this list.

    benz1302 and am956r
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  • Profile photo of Steve

    Steve posted a new post. 2 years ago

    2 years ago

    OP Wire 1/19

    Treasury yields posted strong gains with the benchmark ten-year note hitting its highest level in two years.  Analysts say investors are anticipating more aggressive belt-tightening…

  • Profile photo of Steve

    Steve posted a new post. 2 years ago

    2 years ago

    OP Wire 1/18

    The opening bell rings this morning after both the stock and bond markets were closed yesterday for Martin Luther King Jr. Day.  As last week’s trading came…

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