With the enactment of deregulation on Dodd-Frank, large banks are gapping up to a higher level. Since Trump's election, JPM has jumped almost 30% and it's gonna retest 88 so as to open the new territory.
NG breaks 3.1 level and is likely to gap down again if it could not pick up the momentum. Partially it's due the warm whether forecasting this winter. If NG lost 3.1 strong support, it might even go down to 2.9, 2.68 and 2.55 for the next step
GC has been oscillate btw 1200-1220. Recent two day's rally is largely due to FOMC remained interest rates constant and that drives Gold higher + the uncertainty that Trump will bring on H1B policy. Expect to see GC back to 1205-1210 again in couple few days.
Let's look at the 4-hour window. GPRO jumps on the new of BX disclosure of stakes. However, it's already price-in today and might experience a sell-off on the resistance of 11.97 and 13.04. If GPRO couldn't continue its momentum upwards, it's likely to go down again. Watch it tomorrow to see if that will happen!
Even PYPL's ER beat, it possibly won't make it to the new high given the strong resistance around 44.5. During last earning report, PYPL jump-off from 40 to 44 and experienced sell-off till now. I have provided two possible paths for PYPL
XLF sees strong momentum on Tuesday trading and there's support @22.85. Trump's policy will benefit the financial sector anyway and we are expecting to see a pullback+bounce back to previous highest level and break through into a new territory!! Wait for the pullback to build the portfolio.
QCOM suffered a large sell-off due the lawsuit with AAPL. As we could see, even the sell-off is filling the gap of previous jump-up. Strong support around 51.17. With the upcoming earning, I would say its rewards would be great if considering the relative risk.