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SPX Report: Oil Price Supporting Short-Term Longs For MRO, SLB

Published 06/07/2016, 04:00 AM
Updated 05/19/2020, 04:45 AM

This is our weekly S&P 500 MoMo (momentum) report. We have analysed the S&P 500 through our stock screeners to give you the top stock recommendations with positive and negative momentum to help you get an edge in your trading. We also look at whether the S&P 500 may be primed for a reversal based on its market internal indicators.

In this report we look at:

  • The oil price is supporting our short-term longs: NYSE:MRO and NYSE:SLB.
  • While concerns about US rental yields have been hitting the REITS, with our two top shorts: NYSE:ESS and NYSE:UDR.
  • Short positions have been building in NYSE:ABT and NYSE:MAC.
  • A run-down of the market internals for the S&P 500.
  • And a technical look at the index as a whole.

To read the entire report Please click on the pdf File Below

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