GS is in a tight range. Market is trending up with potentiatly more positive news ahead on trade. 50MA is pojnting up on the daily and I believe $203 in the near term is posible. My stop is set at a close of $191.50.
SPY can go either way. This is strictly news driven, however positive news will bounce this back to the $280 top in a short period of time. I believe we are on our way back to the $280 mark in the next 30 days (Unless China news derails the consolidation).
Black Friday is days away. The rotation out of the tech sector may find a home at HD. It showed relative strength on a down day and has been range bound for weeks. It is prime for a break out. However, the direction of the breakout will be up to the finish this week. I will look to exit my long calls if HD closes below $1170.60.
MACD divergence has resulted in a down trend since the middle of August. We are getting to the point that we need to see a week close above the $72 mark and build ( If that happens, we may be in good shape till the close of the year). Currently, the purchase volume is not there. If the down trend continues... It maybe time to cut bait and wait for re-entry when...
Looking at the price action and previous earnings, LMT seems oversold and a great value play. Geopolitical issues and a consistent investment from both established and emerging markets make this a great stock to consider.
