Actionable ideas for the busy trader delivered daily right up front
- Friday - no call.
- ES pivot 2112.75. Holding above is bullish.
- Next week bias uncertain technically.
- Monthly outlook: bias lower.
- Single stock trader: VZ not a swing trade buy.
It was good that I chose last night to put the futures ahead of the dojis on the charts as the Dow rose yet another 70 points on Thursday. Today though was one of those days when Real Life (TM) got in the way of watching the markets and therefore I just ran out of time. So there is no analysis tonight. I'm taking a Personal Day, as we used to call them at the Giant Corporation I used to work for. Heck I figure if they could do it, so can I.
ES daily pivot: Tonight the ES daily pivot rises again from 2102.33 to 2112.75.
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 6 0 4 0 1.000 854
And the winner is...
No call tonight. We're taking Friday off. So that's all she didn't even write. See you again (for sure) Sunday night!
Single Stock Trader
With another gain on Thursday, it looks like we missed this particular bus for VZ. We're now near the upper BB and this rally is getting a little long in the tooth. In any case, it's definitely not a swing buy right now.