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 CMG which is our strengthening momentum long pick for today. We wouldn’t be surprised to see a +2.1% up move in CMG today. Chipotle Mexican Grill, Inc. (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants.|
|WEAKENING||Showing downward momentum right now is NKTR which is our short pick for today. We wouldn’t be surpised to see a -3.9% down move in NKTR today. Nektar Therapeutics is a biopharmaceutical company that discovers and develops medicines in areas of high unmet medical need.|
Paul "Bulldog" Hudson, Chief Investment Officer
Darwin Investing Network