A Daily Look At The S&P 500 Index

There’s no real conviction on either side of the trade today as we get a glimpse of some prime summer grind action. The infamous “bearish” head & shoulders patterns still lingers around on the daily chart, and the bulls have yet to re-gain the 50 day moving average. Here’s a current look:

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The $IBB, biotech index leads on the day along with basic material stocks. Solar is strong as is semiconductor names. Nothing really points to the downside here, but nothing really get me excited as well.

Memorial day weekend is upon us and I expect most traders to be away later in the week, myself being one of them.

Here’s a look at some movers on the day: CLICK HERE FOR CHARTS

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Here’s a look at your daily runner screen, which can be found inside out trading software platform, Exodus. I’ve imported the tickers from said screen to finviz for your viewing pleasure: CLICK HERE FOR CHARTS

Tickers in focus include: CLF, GPRO, TRIP, CLNE, PLUG, HOV, & SSYS

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If you have some time on this beautiful Sunday, it’s worth a watch for a good laugh.

It was a choppy week full of mixed signals this week in the US stock Market. Here’s a review of the action:

Monday = Big Green Day

Tuesday = Big Red Red Day

Wednesday = Mixed

Thursday = Big Red day, but reversal

Friday = Back to Green

On a weekly chart, the $SPX aka the S&P 500, managed to hold and close above the 50 period moving average. I would have to side with the bulls this week and give them the victory.

The top industries, week over week, sorted by the change in Hybrid score, include:

The banks, financials, took the W this week.

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Looking at individual names, here are your top Hybrid Movers on the week, supplied by Exodus:

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What exactly is the hybrid score you ask? CLICK HERE

Have a good weekend all!

Here’s a look at today’s runner screen which can be found inside our trading software Exodus. The screen searches for strong stocks on the day with high short positions. And, with the shorts in a vice, after another failed pattern, expect some fast moves here.

CLICK HERE FOR CHARTS

Tickers in focus today include: LC, FIT, SCTY, SSYS, JUNO, BID, & CROX