DailyWatch May 31, 2016

 

 

daily-watch-header

Symbol Futures Price Change % Change
/ES E-MINI S&P 2100 2.75 013%
/CL CRUDE OIL 49.49 0.16 032%
/GC GOLD 1240 4.30 0.35%
/ZB 30 YEAR BOND 161’25 1’04 0.70

Daily Market Summary

 

 

 

 

 

 

 

 

 

The S&P future broke through the 2080 level on its quest to take out the 2134 high. Its 2nd hurdle will be getting thru 2105.

The $50 mark seems to be tough for Crude Oil to break through. This would be a good spot  to go short    Oil stocks. Just watch the $50 level in/CL. 

Gold (GLD) is in our State 2 (bearish) and we are looking for a price of $113.
Bonds are coming into support around 161. It appears to be an M formation pattern or double top. Look for a possible breakthrough of

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Stocks on the Move
BA-Boeing

 

  • BA- Boeing
  • STATE 8
  • YESTERDAY’S CLOSING PRICE $129.22
  • TARGET PRICE  $118.61
  • AVERAGE DAYS IN STATE 8- 28 DAYS
  • AVERAGE STATE 8 MOVE- 9%

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