Big Picture 24-Oct-2016
market gapping higher above resistance area from past two weeks. a close above 214.50 brings 216 into play. then 218...
| stock | support | resistance | inflexion | notes | trading plan |
| twx | ?? | 89.5-90 | | takeout price around 106.50. trading at large discount | |
| t | 36, 36.50 | 37, 37.20 | | continued weakness following TWX merger news | |
| tmus | 46, 46.70-46.80 | 48, none | | solid EPS & customer acquisition. rev light. | |
| vfc | 52.30, 53 | 54, 54.2 | | lowers rev/eps guidance a few % | |
| stock | support | resistance | inflexion | notes | trading plan |
| msft | 59.50 | 59.90-60 | | sold on open and failed to hold above 60 | |
| mcd | 113.25 | 114.50 | | held support. accumulated higher | |
| pypl | 43.5, 43.70 | 44.2 | | very strong. new ath | |
| skx | 18.60, 18.80 | 19.20 | | sold on open. accumulated 19 rest of day | |
| alks | 55-55.30 | 57, 58 | | held large gap but selling pressure most of day | |
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