DailyWatch – May 16th 2016

May 16, 2016 @ 8:35 am

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S&P futures are up 0.09% in morning trading
Crude oil futures are up 2.12%
Gold futures are up 0.83%
Bond Futures are down 0.15%

 

As we have been saying, we are range bound in the S&P futures between 2030 and 2080. We ran down to 2035 and are trading at 2046 this morning. Oil continues it to stay in its up trend. Goldman Sachs just put out a positive note on oil being bullish, let’s see how oil reacts to that call. The gold market has rallied but still shy of 1300. Bonds are continuing to remain strong.

Rumors are that Yahoo (Yhoo) is up for sale. We rate YHOO in our State 1. We are expecting a 9% upside moment in the next 3 weeks, taking it up to the $40.00 area. Currently, YHOO is trading 36.48.

 

Stocks that entered State 1 yesterday:

COG   CABOT OIL & GAS CORP
HES    HESS CORPORATION

 

Stocks that entered State 8 yesterday:
SHPG           SHIRE PLC ADS
WFC   WELLS FARGO & CO(NEW)
ICPT   INTERCEPT PHARMACEUTICALS INC

 

 

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

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Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

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