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I have very little else to say about the market (and I’m about to prove it!) I’ll just close out the day by remarking that the intraday ES, shown below, calls for a drop to 2016 before the year is out (which would be kind of fitting, since that’s obviously also the number of the year itself). The break-and-retrace is picture perfect, but we must slice below 2100 to really get our game on.
Let me make plain at the outset that the title of this post is sarcastic. Even as a college boy, I avoided ordering Domino’s Pizza, because everyone knew it was just awful. But for some reason, this company has become the most ass-kicking, foot-stomping, money-making, short-killing stock on the planet. Just look at this (it has a P/E of 44, by the way!):
I posted my daily premarket video for subscribers to the Daily Video Service at the artofchart.net on twitter this morning, because there was a serious chance of a bull breakout on the opening setup. That’s fading a bit now, with SPX failing at the retest of the 50 hour MA at 2141, but it’s still possible, and on a break above then main (closing) resistance is at the daily middle band in the 2153 area. You can see that premarket video here. SPX daily chart:
I guess there’s no excuse for being surprised anymore……..
