Monthly Archives: July 2013

A.M. Look 7/29/13

Posted on 07/29/2013

Stocks.. Line…Linn Energy… Those of you that outright bought the stock should be using a 26.70 stop on close. This has yet to break out to the upside. The daily chart turns up with a good close over 27.60 and … Continue reading →

Midday Missive

Posted on 07/25/2013

Spu’s…1682-83 is resistance. A close over 1686 is needed to reverse the pattern. Having said that, all new weakness is needed under 1675 for an attempt lower. CAT…80.85 is the monthly ORL #. There will be resting sell stops below. … Continue reading →

A.M. Look 7/25/13

Posted on 07/25/2013

Stocks.. Spu’s…put in an ORL and has followed through this A.M. 1671.75 is point & figure support. A Friday close under 1665.75 would have me believe this could turn into a good correction. SDS…37.80-90 is the first resistance level. Closing … Continue reading →

30 Yr. Bonds

Posted on 07/24/2013

30 yr….133.30 can hold. The macro sell stops are 133.13. Follow the Bonds….they are leading the dollar higher and keeping the metals on the defensive. TBT… 1st resistance @ 75.60

A.M. Look 7/24/13

Posted on 07/24/2013

Stocks.. RIO…Rio Tinto is bottoming on a monthly chart. We’ll buy this on a break @ 44.60-70  given the opportunity before month end. PAAS…the chart pattern looks good as long as there is no close below 12.40 SLW…23.40 is the … Continue reading →

Midday Missive

Posted on 07/23/2013

SDS…will put in an ORH day with a close over 36.71 This is a pattern we are inclined to take given the RSI’s “Overbought Stocks” “Oversold SDS”. Spu’s…would need a matching close under 1683 to take the signal. The Pit … Continue reading →

A.M. Look 7/23/13

Posted on 07/23/2013

Stocks.. NFLX…237-238 is short term support the first time down. 270 was the high monthly close. NFLX needs to close over this level to confirm another leg up. Bonds… TBT…72.43 is the qtrly close. Like the 30 Yr. @ 135.27, … Continue reading →

Midday Missive

Posted on 07/22/2013

OIH…48.25-30 is the big macro closing resistance area. GOOG…897 is the closing pivot. As long as this remains above you can see a rally towards 950 going into month end IBM…looks cheap compared to a lot of the board. This … Continue reading →

A.M.Look 7/22/13

Posted on 07/22/2013

Stocks.. GDX…a close above 26.40 should lead to a test of 29.15 and ultimately 32 on this current swing. Bonds… 30 yr…as long as 135 holds on breaks look for the Bonds to move up in one point increments. Above … Continue reading →

A.M. Look 7/19/13

Posted on 07/19/2013

Stocks.. IBM…200 is monthly resistance matching the 200 & 50 day mvg avg’s. This is macro resistance requiring a couple of closes over this level for higher. Nasd 100…the close below 3065.50 puts in an ORL day. 3023 is the … Continue reading →