June 19th, 2017 Watch-list
Evening traders! Overall a strong week for the market last week as we saw the DJIA go up and set new all time highs. At this point the daily indicators for the DJIA are fairly topped out, as are 2 of 4 weekly indicators. The market is definitely topped out, but it has been this way for some time and continued to see topside moves. We'll continue to target the SPY puts here and there to take advantage of any pullback the market may give us. DJIA daily chart below with key support and resistance labeled for review.
Current Plays on Watch:
No current plays on watch. Our last chart, AMKR, fell down out of our buy range and as a result has been removed from watch.