Hello All!

Our positive lean in the markets is paying off a little this morning with seemingly good trade news vis a vis Mexico about to hit the news wires.  Trump tweets and the markets respond.  However, if you look closely, you can see that traders in the know, seemed to get a jump on this week with late action on Friday:

The sideways twiddling of thumbs ended late Friday and the SPX finally broke above and close above our flat resistance line.  That’s likely helped to launch today’s jam-job with aid from technical traders like us.

Fortunately, many of our bullish names are responding:

AA was up nearly 2% this morning after triggering very late on Friday.  It’s high is near the 50 SMA.
RDN may finally be breaking out NOW.
CMCSA had a good Friday and is holding its gains so far today.
LITE is up over another 1.5% today and has made it to our 2nd level of resistance.
CFG and ZION are both up over 1.5% and 1.25% respectively and that’s welcome as they remained boring along with the SPX for much of last week.

We mentioned IBM and DWDP in an update late last week and both have begun to move up quite nicely so far.  DWDP has really blasted off and we wish we’d have been able to make them official without a weekend getting in the way.  Hopefully, some folks liked what they saw and elected to check them out.

We hope that things are working for you if you decided to become involved.

We will update when warranted.

Thanks!

Wayne