Intraday Strategies
NextEra Energy Intraday: end of the consolidation.
Pivot: 110.00
Our preference: long positions above 110.00 with targets @ 116.00 & 118.60 in extension.
Alternative scenario: below 110.00 look for further downside with 107.90 & 106.00 as targets.
Comment: the RSI is mixed with a bullish bias.
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CMS Energy Intraday: end of the consolidation.
Pivot: 38.00
Our preference: long positions above 38.00 with targets @ 40.30 & 41.70 in extension.
Alternative scenario: below 38.00 look for further downside with 37.20 & 36.60 as targets.
Comment: the RSI is mixed to bullish.
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Short Term Strategies
iShares S&P SmallCap 600 ST: gap
Our pivot point stands at 95.6.
Our preference: short term rebound towards 107.7.
Alternative scenario: below 95.6, expect 91.7 and 89.3.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands above its 20 day MA (99.81) but below its 50 day MA (105.2).
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iShares Russell 1000 Value ST: gap
Our pivot point stands at 87.1.
Our preference: short term rebound.
Alternative scenario: below 87.1, expect 83.5 and 81.4.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above its 20 day MA (90.05) but under its 50 day MA (94.02). iShares Russell 1000 Value is currently trading near its 52 week low at 86.15 reached on 20/01/16.
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Qualcomm ST: gap
Our pivot point is at 42.4.
Our preference: short term rebound towards 53.9.
Alternative scenario: the downside breakout of 42.4 would call for 38.6 and 36.3.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading above its 20 day MA (45.41) but under its 50 day MA (47.31).
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Norfolk Southern ST: short term rebound
Our pivot point is at 69.3.
Our preference: short term rebound.
Alternative scenario: the downside breakout of 69.3 would call for 65.2 and 62.7.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above its 20 day MA (70.28) but under its 50 day MA (78.48).
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Xinyuan Real (ADR) ST: as long as 3.6 is resistance look for 2.49
Our pivot point is at 3.6.
Our preference: as long as 3.6 is resistance look for 2.49.
Alternative scenario: above 3.6, look for 3.98 and 4.21.
Comment: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the share stands below its 20 and 50 day MA (respectively at 3.39 and 3.44).
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Huaneng Power (ADR) ST: the downside prevails as long as 31.8 is resistance
31.8 is our pivot point.
Our preference: the downside prevails as long as 31.8 is resistance.
Alternative scenario: above 31.8, look for 34.2 and 35.6.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 31.38 and 33.21). Huaneng Power (ADR) is currently trading near its 52 week low at 29.27 reached on 11/02/16.
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