Daily Archives: 05/07/2013

IBM

Posted on 05/07/2013

As long as IBM holds above 201.20 we’re looking for this to minimally trade 206.70. Closing above 207 will lead to a new high. This means 201.20 is your sell stop for any new Longs.

Spu & Nasd 100… Patterns

Posted on 05/07/2013

There are resting sell stops @ 1607.25 In the Spu’s SSO…77.40 Nasd 100…@ 2935… QQQ…72.12 Closes below these levels will put in ORL patterns. Only closes below the above levels “today” create the environment for a Risk Off scenario. It’s … Continue reading →

A.M. Look 5/7/13

Posted on 05/07/2013

AUD/USD…101.15 is the next level technical level with stops below. The macro pivot of 102.15-25 does not change. This is the level to sell rallies against to manage risk. EUR/AUD…128.92 is last weeks high and now becomes minor short term … Continue reading →