The Russell 2000 Index ($RUT) has found buyers every time price has ventured into the 600-zone over the last three months. With price also testing a major area of pivot-based support, the $RUT could be on the verge of a swift advance soon.
Heating Oil has endured a precipitous drop since topping out the first week of August. However, major areas of support have stopped the bleeding, which could lead to a decent bounce ahead. Let’s take a look..
The Dow Jones Industrial Average ($DJI) has dropped over 500 points the last week of trading, but is beginning to show signs of strength. Here’s why I think we could see a rally ahead for the Dow.
Wynn Resorts ($WYNN) has been a strong stock over the last six weeks of trading, rallying 20 points from recent support at $73. However, price has run smack into a high area of confluence at $94, which could set the stage for a sharp drop from current levels.
Chipotle Mexican Grill ($CMG) has been an active mover for some time, most recently rallying from $127 to $154. However, bullish momentum seems to have dissipated at major resistance, which could spark another key sell-off in this stock. Here’s why..
