Actionable ideas for the busy trader delivered daily right up front
- Friday higher.
- ES pivot 1917.42. Holding above is bullish.
- Next week bias uncertain technically.
- Monthly outlook: bias lower.
- Single stock trader: VZ now a speculative swing trade buy.
It's good I discounted the general bullish tone of the charts last night because of a warning from the futures as the Dow sank another 79 on Thursday. Tonight I'm in the same spot as two days ago. I spent all day dealing with my dog who had surgery yesterday. It all went well and now she's back home and resting comfortably. But I never had any time to put together the usual post. This time though I did manage to do some analysis so tonight you get Night Owl Lite - no gab, just the bottom line.
The technicals
...skipped...
Accuracy:
average points
January 8 6 4 1 0.563 627
February 6 4 5 3 0.692 183
March 7 6 5 4 0.647 976
April 3 8 7 0 0.273 1
May 6 5 5 2 0.615 581
June 8 6 3 4 0.706 552
July 10 1 5 4 0.938 1212
August 10 2 3 2 0.857 2314
September 5 3 7 1 0.667 1102
And the winner is...
It's looking to me like we're now at a reversal point and that seems to be supported by the futures so I'm going to go way out on a limb and call Friday higher. That's all she barely managed to write. See you again Sunday night!
Single Stock Trader
VZ is now a buy for the adventurous.
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