BIDU is checking back to 2011/2012 highs. It will be interesting to see if they hold. Earnings are on Monday.
FB is showing $60.90 as the new downside area to observe to see if the 30-minute chart will push higher yet after the earnings gap.
F remains weak, with room to drop to $14.30, a level with plenty of price memory.
What’s for Saturday breakfast/lunch?
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Chess, good morning. For breakfast, it’s the proverbial ‘ham & eggs’. In regards to the market, that WWE short idea fascinates the daylights out of me. I just don’t have the testicular fortitude (or chops) to pull it off… but some hot money stud out there is going to be raking in the chips one day.
Morning, Unc. WWE is definitely blowing off for now. A freight train which is likely to correct hard soon.
How about short-candidates in integrated oil and gas? Check out XOM, CVX and PTR for example. Oddly enough BP has not taken the same down-escalator, yet.
CVX is a mess. Not healthy.
Oh, I see earnings on deck next week for BP, maybe that’s why it hasn’t dropped that far, yet.