John Carter Market Analysis: FXY, FDX, MMM, NFLX, TSLA, TLT
As of last week, the yen continues to be a key driving factor and here is what John Carter is following for the currency in relation to stock indexes along with updates on existing positions.
John Carter of Simpler Options takes a macro look at the market. As of last week, the yen continues to be a key driving factor and here is what he is following for the currency in relation to stock indexes along with updates on existing positions. Yen futures are going down and the dollar is moving higher which is very bullish for stocks. So now the question is, is the yen at support? That will be key to see if there may be a change in composure. Some individual names to watch for directional plays include FedEx which has performed well and 3M which is more indicative of Dow movement. Carter also takes a look at levels in Netflix and Apple.
