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JP Morgan downtrend resistance broken. I would look to long on pullbacks as long as it above $65.24-$66.00. Bull markets require financials to participate so watch this as well as $XLF for clues.



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Adidas’ parabolic chart looks amazing, so is the end of its rocket trip? If it pulls back strongly with lower highs, it could be a chance for good shorting trades. Take not of the fibo levels as a guide.

It just reported earnings: http://www.bloomberg.com/news/articles/2016-08-04/adidas-falls-on-profitability-forecast-and-nike-s-golf-pullback

Stockland Corporation Ltd (ASX:SGP)

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Stockland has had a huge run up for the past 6 months, & now its consolidating above its long term resistance. I’m inclined to short it if it reverses below the trendline strongly. But if stays above with strength, it would signal further upside potential, so trade accordingly.

Singapore Technologies Engineering Ltd (SGX:S63)

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S63 attempting a bullish breakout. If it clears 3.4 & doesn’t reverse down quickly, 1st target is 3.47 followed by 3.60. Not much to trade on the STI nowadays as most are range bound without clear direction so S63 is probably the only one worth a trade.