LB Forecast 12/22/2015
L Brands (NYSE:LB) has turned back up to test the red zone on lower power. Nothing new to add at this time as we wait for resolution.
L Brands (NYSE:LB) has turned back up to test the red zone on lower power. Nothing new to add at this time as we wait for resolution.
(EUR/USD) exploded out of the ivory zone on news out of the ECB. This forces us to remain on the sidelines as we wait for a better risk/reward scenario to show itself.
The S&P 500 index proxy (SPY) has made a double bottom on its daily chart, and it seems that the Santa Claus rally may be beginning. Our analysis still shows this to be a coin flip environment, so caution is in order.
Freeport McMoran (NYSE:FCX) offered some nice profits twice on an intra-week basis, but failed to trade within the blue profit zone and stopped out for a loss.