Big Picture 1-Jun-2016
market set to open lower inside yesterday's range. we continue to consolidate in the upper part of multi-month consolidation range.
| stock | support | resistance | inflexion | notes | trading plan |
| kors | 44, 45 | 46.60-47, 48 | | beat & buyback. it is "cheap" on EPS #s | |
| baba | 78 | 79.50-80 | | large 2ndy coming from softbank. should keep lid on stock | |
| crm | 80.60, 81.60 | 83-83.80 | | acquires dwre. investors may view this as making them less likely takeover target | |
| nke | 50, 53, 54 | 55.80-56.5 | | BofA downgrade | |
| ccxi | 5, 5.50 | 7 | | some drug news. up a ton off low now | |
| stock | support | resistance | inflexion | notes | trading plan |
| mdt | 80 | 80.50, 80.80-81 | | was range bound after tiny guide down | |
| aapl | 99 | 100, 100.30 | | failed at 100. consolidating | |
| twtr | 15 | 15.50 | | continued up move that started friday | |
| clf | 4, 4.15 | 4.3, 4.6 | | strong on big contract & upgrade | |
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