Friday, 2 June 2017

Live at 5:30pm ET: Options Action!

Chart points to more oil troubles ahead: Technician Yamada
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Live at 5:30PM ET
Tonight's Trades:
1. Chart points to big gains for this biotech stock
2. Protecting profits in Apple
3. Crude's wild week
THIS WEEK'S TOP STORIES

Veteran technician Louise Yamada says an age-old correlation is fading, and that could hinder a comeback for crude.

This chart of oil stocks is a complete 'train wreck': Trader

Here's the main reason the market will keep rallying, according to PNC

TWEET THE TRADERS


BIG EVENTS NEXT WEEK

Monday: 2017 Apple Worldwide Developers Conference, Factory Orders (April).
Tuesday: Tesla Annual Shareholder Meeting, JOLTS (April), Weekly API Crude Inventories, Michaels Cos, Ambarella and Dave & Busters' earnings.
Wednesday: Weekly MBA Mortgage Purchase Applications, Weekly DOE Crude Inventories, Brown-Forman earnings.
Thursday: Weekly Jobless Claims, J.M. Smucker and Vail Resorts earnings.
Friday: Wholesale Inventories (April), Weekly Rig Count.

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