A Few Morning Charts – $SPY $X $RIG $JPM

Stock futures are slightly higher this morning. Over the last few weeks stock futures have sold off after the European open. This morning they did the opposite. The ECB is on top in about an hour. Comments from Draghi should sway the market. Here are a few charts.

Click on the chart to open all the charts.

$SPY needs to break above support as it did in April and February.

$X looks ready for a breather before taking a swing at $40

$RIG similar chart to $X and looks ripe for an unexpected breakout higher

$JPM support at bottom of channel.  Looking for a rally over $60 in coming months.




Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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