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What's driving consumer and tech stocks right now … Biggest earnings of the week … Why May resistance is crucial right now … Update on Fed data and what to expect later this week … Sectors to avoid and which ones are set for upside gains … Plus, top stocks to watch and which ones to avoid → Click here to watch now! | |
My pivot number today is 4111 on the ES (S&P 500 futures). This is day 2 of the month and I think patience needs to be at the top of your mindset. The high so far this month is 4147. Crude is making an early move back up and needs to clear 95.55 to stay positive for the day. Yesterday we did some live trading in the morning for everyone on AAPL. Like I said, we can go in a trade short-term regardless of where the market is going, but we need to stay patient to wait for the 3-day algo to form to get a clearer picture of the longer term this month. Get today's Pre-Market Planner Numbers here. ~ TBUZ | |
Colgate-Palmolive (CL) with $0.47 quarterly dividends is on my watch list. Above $82 area targets $85.39 as indicated on this weekly chart. The trend is up above a $85.39 hold. In a recessionary environment, Consumer Staples historically offer safety with nice dividends. | |
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