Intra-day Action
Futures up nicely with 30 mins before the open, however I’m expecting these to pullback a few points to the 1022-1026 range (currently 1032). Slightly higher open from what I can see in the financials. Today I will be managing my trades in RTN (long) and ERTS (short) while also watching the rest of the stocks on this weeks watchlist.
Elsewhere on my larger tracklist, VALE and PX look quite interesting. Vale with fairly strong overhead at $21 with support levels at $20.40 and $20. Check the daily and 15min charts on that one.
PX is looking very choppy at $79 and I’m waiting for a sell-off or breakout here.
In the shorter timeframe, BTU at $36 and MEE at $40 are also catching my eye, so I will be watching the materials and coal sectors today. Let’s also see if the short term double top in MOS pans out. Charts and intra-day analysis to follow after market opens.
