MCD looks like had positive earnings. Gapped up in premarket. Overall sector has had massive selloff, perhaps this could be a relief rally.
SPY gapped up premarket, hovering right around 423. Could be great level to trade off long or short. 423 is daily level. /ES has no clear direction to me,.
FB had massive gap up from earnings, hovering right around 200 level. Like SPY this could be level to play off. But direction is unclear. perhaps better to look for clearer play.
CMSCA looks weak pm. Bad earnings looks like.
CVX looks ready for it’s short opportunity. Believe I mentioned this in last charting journal, and looks like the time could be nigh for this juggernaut to fall back to the dark ages.
Health Care sector (XLV) approaching 200 day moving average on daily. has bounced, loosely, before at this level. looks to be some bullish strength premarket, but nothing entirely convincing.
Information Tech (XLK) also seems to be exhibiting premarket strength