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