SPY MARKET ANALYSIS
Currently the market momentum is to the UPSIDE however we are seeing reduced buying pressure causing most prices to rise. Periods where this has been true in the past are indicated by the green areas in the market analysis chart below. These markets should favor buying stocks moving aggressively to the upside with shorter upside targets.
TRENDING and CONTRARIAN PICKS
|STRENGTHENING||Showing upward momentum right now is XLNX which is our strengthening momentum long pick for today. We wouldn’t be surprised to see a +5.4% up move in XLNX today. Xilinx, Inc. (Xilinx) is engaged in designing and developing programmable devices and associated technologies.|
|WEAKENING||Showing downward momentum right now is TJX which is our short pick for today. We wouldn’t be surpised to see a -1.4% down move in TJX today. The TJX Companies, Inc.|
Paul "Bulldog" Hudson, Chief Investment Officer
Darwin Investing Network