Monthly Archives: April 2013

A.M. Look 4/25/13

Oil…we got to 92 a little faster than I expected. All new strength is needed over 92.25 is needed for more upside. Brent…102.25 is Fib resistance. 102.90 can reject the first time up with the next good resistance and tgt … Continue reading

Oil…OXY

Oil & associated names are leading the stock rotation to keep the Indices firm. 90.50 has been our first upside re-test level. Now it’s all about how and where the breaks hold. If the move is real we’ll see 92 … Continue reading

IBB

IBB…169.20 is where the rubber meets the road in this Index. There are resting stops below, which could lead to a test of 165.60. This has been the strongest Index over the past few years. It shows what technicians refer … Continue reading

AAPL

Apple… for the moment,is showing some nice bottoming action. 408.40 is the ORH level for today. A close over this level would lead us to believe the worst is over for AAPL. The key to this price action, is for … Continue reading

New Addition

It has been suggested by one of my long time clients to write a couple of extra lines to decode what I’m looking at. For Example… Daily Game Plan… We’re looking to buy the 30 yr. Bonds against the 200 … Continue reading

A.M. Look 4/24/13

30 yr. Bonds..147.12-15 is support and the downside pivot. Bunds..145.32 is support. Only a close below 144.85 changes the picture. Italian 10 Yr…144.38 +- a few is the hold area. Sell stops rest @ 144.23 with 113.67 being support and … Continue reading

TBT…Pattern Alert!

TBT is attempting an ORH day with a close over 60.15 For the 30 Yr. Futures to show the same pattern a close under 147.15 is needed. These are closing levels.

IBM

Sometimes you need to look for the most beaten up names. IBM…fits the bill. This has the potential to run another $3 today to 195. With a Risk On board expected into Month end, 198-200 is possible.  

Nasd 100…NFLX…GOOG..SPU/BONDS…30 yr. Bonds

Nasd 100 Futures…short term buy stops are 2834.50, with 2858.50 the next closing hurdle. As long as this maintains and closes over 2800, our initial swing count is 2877.50 (a retest of the last high) NFLX…197-200 becomes the initial buy … Continue reading

A.M. Look 4/23/13

30 yr. Bonds..149.11 is the next level. Euro…129.60 is support. I wouldn’t look for much under 129.40 on an initial push. AUD/JPY…100.75 is intermediate support. The weekly shows a test of 99.20 is possible by not recovering back over 101.25. … Continue reading