Big Picture 2-May-2016
market set to open higher following the end of day pop on friday. with the change in tone thursday afternoon a move slightly higher should offer a good risk/reward on the short side again.
Fresh News
stock support resistance inflexion notes trading plan acad 31, 32 34.50-35 fda approves parkinsons drug bhi 46-46.60 48.50-49, 52 deal off w/ hal. buyback 1.5bln stock bidu 181.50-182, 185 190, 192.50 govt looking at paid search placement wynn 86.50, 88, 89 92, 96 macau gaming #s out. pos reaction
Second day plays, Technical setups and Trading ideas
stock support resistance inflexion notes trading plan amzn 655-656 664, 668, 675 profit taking friday gnc 24, 25 26, 26.80 hired advisers to look at options vrx 32 34 sold off friday. ackman on cnbc at noon wdc 39.70-40 42 crushed in morning. solid bounce in afternoon stx none 22.5, 23 crushed w/ wdc.
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