All major indexes broke their support levels and they are all at year low right now. As earning report season is almost over and oil price has hit new high, what would be the triggering point to move market lower?
NDX is at 1300, a major support level. 1050 is the major support for SPX while 9500 is the major support for INDU.
I would be a potential buyer at these support levels for my 401(k) account.
LOW is at its support area. I expect some bounce and may open a small long position on the Sep 50 Calls.
LOW is at its support area. I expect some bounce and may open a small long position on the Sep 50 Calls.
Market moved up across the board. Stopped out at RHAT. It looks like all in some kind of breakout mode. However, the volumes were relatively low.
As expected in the last entry, LOW clsoed at 54.01. The intraday low was 53.68. However, the volumne was low. I closed my Jul 55 Put position at 2.00 opened a few days ago.
MSFT has been moving up a little bit in spite of declining overall market. If it breaks out from 27.5, it will signal a new attempt of bullish trend since it hit the bottom in March.