ESRX is a Sell, Plus E-Mini Levels
Express Scripts ($ESRX) has been trending steadily lower the last five months, dropping over 40% during this stretch, but more downside action could still be seen. Here’s why..
Time to Buy $STI?
SunTrust Banks, Inc. ($STI) has seen a nice run of strength the last two months, rallying from $23.23 to $30.80 during this stretch of time. With the recent push through resistance, the curret pull-back could be a prime swing buying opportunity. Here’s why..
Time to Sell $TIN
Temple Inland, Inc. ($TIN) has enjoyed a steady climb after bottoming out in August at around $16.00. However, $TIN is now testing a major wall of resistance at $23.00, which could lead to a sizeable correction in the days ahead. Here’s why..
Watch the $VIX
The CBOE Volatility Index ($VIX) is testing a confluence of support in the 15.50 zone, which could ultimately lead to a bullish reversal in this index. Such a move could have an adverse affect on the major market indexes. Here’s why..
The Line to Watch in Crude Oil
Crude Oil has been pushing quietly higher the last two months, but is now testing an extremely important resistance level at $87.45. How price reacts to this two-year resistance level could spark the next major wave of price movement.