201605.16
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11

SPY Forecast 5/16/16

  The S&P 500 index proxy (SPY) remains under mild bullish control in the smaller time-frames. Nothing has changed in the deeper and bearish zones, so we are stuck on the sidelines waiting until this tug of war is resolved.

201605.16
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9

QCOM Forecast 5/16/16

  Qualcomm (NASDAQ:QCOM) has whipsawed back into the green zone as the bulls and bears battle for supremacy. We will stick to our plan as the objectivity measured odds for success or failure have yet to shift against our position.