sp'daily5
Summary
So we're set for a quiet open. Not much is due today... just oil inventory data and the FOMC minutes. By the afternoon, hourly equity cycle will be prone to swinging upward again.
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early mover: YHOO, +2.7% in the $42s.
Yesterdays chart highlights the closing hour carnage... as market became concerned about possible tax changes that might affect its Alibaba holding...
5min
A real train wreck of a stock... one I have never traded.. nor would. Although I will keep an eye on YHOO today, if only for entertainment purposes.
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Update from a returning Oscar
Not surprisingly, Mr C is looking for a holiday reversal, I suppose a brief drop of 1-2% is possible before another swing higher into mid June. In any case.. its minor noise, whilst the broader trend remains intact.
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Doomer chat, Hunter with Kirby
Some truly kooky chatter, as ever, make of that... what you will.
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Good wishes for Wednesday