Potential 5 % In One Day

SPY MARKET ANALYSIS

Currently the market is going SIDEWAYS and we are seeing neither buying or selling pressure causing prices to stay the same. Periods where this has been true in the past are indicated by the grey areas in the market analysis chart below. These markets should be pairing off longs with shorts with tighter target points.

MOMENTUM PICKS

STRENGTHENING Showing upward momentum right now is LLY which is our strengthening momentum long pick for today. We wouldn’t be surprised to see a +2.1% up move in LLY today. Eli Lilly and Company is engaged in drug manufacturing business.
WEAKENING Showing downward momentum right now is COTY which is our short pick for today. We wouldn’t be surpised to see a -5.8% down move in COTY today. Coty Inc. is a beauty company.
Trade smart,

Paul "Bulldog" Hudson, Chief Investment Officer
Darwin Investing Network