Stocks… IWM…123.66 is momentum. Above, look for an initial 2 dollars. FXI…is leading all Bourses this A.M. 51+- a few is resistance and the upside pivot. Closes over 51.58 confirm a new Bull leg. Bonds … Bunds…153.85-154.10 is the resistance … Continue reading →
SIEN…July Silver is @ the 200 DMA @ 17.14 Long term point & Figure shows sustained price action over 17.50 + a few for a longer term up. Gold…1220 is the 200 DMA. Long Term P&F shows 1125 + is … Continue reading →
Stocks… Spu’s…could go as low as 2046 and hold up. Sustained price action below 2046 would open the way for the Spu to move in 20 point increments to the downside. DAX…10,000-10,050 is the resistance zone and the closing upside … Continue reading →
Stocks… Spu’s…the bulls saved the chart pattern from putting in an ORL in the last minutes of trading. Closing under 1987.80 puts in an ORL week and an intermediate market top. Support starts @ 1966-54. Nasd 100…needs to sustain above … Continue reading →
The Miners are catching a bid with the European Equity sell off. GDXJ…is a low risk buy against 42.40 ABX…is breaking out to the upside as investors in Europe seek safe haven in the metals and the Miners. Both the … Continue reading →
Stocks… Spu’s…(Pit Session) put in an ORL day. 1874-57 is the low risk buy zone. SSO…104.25 is the 200 DMA. Nasd 100…3800-10 is support. A close over 3859 is needed for bottoming action. VIX…14.80 is first support. Only a … Continue reading →
Stocks… Nasd 100…3926 is daily support. Spu’s…holding 1958 keeps this Index on positive footing. A significant violation could see prices go into the low 1930’s. Bonds 30 yr. Bonds…Price action and a close under 137.22 is needed for confirmation of … Continue reading →
Stocks… Spu’s…c.loses over 1970 will lead to higher prices Bonds 30 yr. Bonds…137.00 is near term support and the downside pivot. TLT…112.10 is near term support and the closing downside pivot. FX… Commodities… Oil…99.83 is the continuation … Continue reading →
Stocks… FTSE…a close back over 6670 would signal a low. It oversold on the shorter term time frames. The downside looks limited. VIX…11.75-95 is mvg avg & Fib support. Bonds 30 yr. Bonds…137.00 is near term support and the downside … Continue reading →
