5/15/2018 Markets sell-off, but sees a lot of buying near the close. The S&P500 and Dow Jones are at the pre-breakout level. If these indexes move lower tomorrow, we will likely go even lower.

Fun Fact #49

A company may choose to give out a stock dividend instead of the standard cash dividend in order to save cash.


 

Market Stocks 5_15_2018.PNG

 

WB Daily 5_15_2018.PNG

I bought some WB at 103.5 today because I think the 100-105 support zone will hold.  My stop is at 95, and my profit exit is at 135.  That’s a risk reward of 4 to 1, which is a very low risk trade.  

 

SPY Daily 5_15_2018.PNG

SPY broke-out above 270-271, and is now retesting that level.  I suspect that if SPY closes down tomorrow, we will continue lower due to the false breakout.  

 

DIA analysis 5_15_2018.PNG

DIA also broke-out from the 246-247 resistance level.  Much like SPY, I think that if DIA closes lower tomorrow, we will continue lower due to the false breakout.  

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