With Jackson Hole and Yellen’s speech underway, the market is undoubtedly processing it in real-time to see if there are any subtle shifts in Fed policy.
In the meantime, the tape is mixed, with JD still a long idea over $31, and the major casinos like MGM remaining weak and short ideas.
GMCR just broke higher from its consolidation, while CRM is trying to negate a larger topping pattern with a gap up of its own.
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Might be time for DNOW
Although you’re right about yesterdays highs.
whats you’re take on WFM from a tech standpoint? Looks good above the 50, no?
Can stage a snapback rally there, yes.
thank you, sir