[INTRA-DAY ACTION]
Was out for most of the day today, so haven't traded as much as I wanted. Not really making any gains today, think the heat is a major factor there.
Some nice charts (UAUA and FRE) for later on, once the market is a little less noisy. BAY had a strong rally today, but just didn't get past my trendline and horiz resistance at 247.5 - potentially a gap down then bull rally tomorrow depending on the oil price which is currently recovering from lows.
Evening update:
S&P went into ultra-rally mode to close the afternoon with really nice gains in C and BAC which both cleared recent resistance levels to close at highs. I'm looking for some positivity in RBS tomorrow on the back of that. Also oil ticked up a bit but didn't seem to affect the indices, so I'll be looking at BAY at this 'top of the channel' level for a potential short depending on the crude price in the morning.
TLW is looking nice and I'm looking for a nice range trading opportunity.
Some nice charts (UAUA and FRE) for later on, once the market is a little less noisy. BAY had a strong rally today, but just didn't get past my trendline and horiz resistance at 247.5 - potentially a gap down then bull rally tomorrow depending on the oil price which is currently recovering from lows.
Evening update:
S&P went into ultra-rally mode to close the afternoon with really nice gains in C and BAC which both cleared recent resistance levels to close at highs. I'm looking for some positivity in RBS tomorrow on the back of that. Also oil ticked up a bit but didn't seem to affect the indices, so I'll be looking at BAY at this 'top of the channel' level for a potential short depending on the crude price in the morning.
TLW is looking nice and I'm looking for a nice range trading opportunity.
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