Situation: All the broader averages looking the same. We are still 2 down on the month. There is a hammer on SPY, DIA, QQQ weekly. The question is, will it go in force.
Mission: Create winning positions, add to them, and defend them with tight stops. If you do not know where to go, do nothing.
Execution: XLE is still moving up. Currently it is hammer in force 2-1-2 reversal up on the week. The SPY is stuck in a tight range on the 60s, be careful.
AAPL 2-2 reversal down on the quarter
ALKS 2-1-2 reversal up on the quarter
CRWD Outside quarter to the downside
ENTA Outside quarter down
MRK 2-1-2 reversal up on quarter, still in force
PLUG outside quarter down
SCCO outside quarter down
SPLK outside quarter down
STILL GOOD: VLO, BMY, CVX, XOM, XLE, APA, HALO, HP, HRL, DVN
WMT earning were today. I’ll get the earnings updated on here.