Here’s today’s swing-trading watch-list:
Long Whole Foods Market (WFM)
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It seems the key cross rate driving the US equity market (for years, it seems) has been the dollar/yen, so I’ve been watching the Fibonacci retracements with interest. The USD/JPY was strong enough earlier to inch just past the present retracement level, but………….
Before the jobs report came out this morning, the ES was down hard, but it seems today is the upside-down version of the other days this week (e.g. big move in one direction, then spends the whole day going the opposite). Given the market’s resurgence, I guess I’ll limply offer one of the few charts that still looks bullish (without having too far yet, such as, for instance, CENX).
I offer this up for three reasons: (a) it’s a lovely song; (b) it’s a clever video; (c) Diana Krall is a babe.