Monthly Archives: August 2013

VIX…Pattern Alert!

Posted on 08/30/2013

Vix cash is attempting an ORH month with a close over 17.32. Fulfilling this pattern would lead one to believe that there is more “Risk Off” in store. This bears watching as sustaining above this level shows room for a … Continue reading →

A.M. Look 8/30/13

Posted on 08/30/2013

Stocks.. Nasd 100…3083 was last months close. It all comes down to the end of day, will it close higher or lower on the month? Bonds… 30 yr….132.15 has to hold on a break for higher. FX… Euro…needs a close … Continue reading →

30 yr. Bonds…Pattern Alert !

Posted on 08/29/2013

30 yr. Bonds…the pit session is attempting a daily ORH with a close over 132.28. The all session chart needs a close over 133.16 for this pattern. In any event 133.23-25 is resistance the first time up. We pointed out … Continue reading →

Equity Index Follow up for Day traders

Posted on 08/29/2013

Spu’s…1644 is first resistance. This looks to trade as high as 1653 on this wiggle. Nasd 100…3117 is the first good resistance. I wouldn’t expect to see any action above this on the first attempt without some re trace. That … Continue reading →

Equities

Posted on 08/29/2013

They’ve held for now… You can buy the Spu’s or the SSO with a stop at today’s low looking for upside follow through into month end. The most important aspect of buying these dips in here is you know exactly … Continue reading →

A.M. Look 8/29/13

Posted on 08/29/2013

Stocks.. Spu’s…are caught between 1627 and 1638. Nasd 100…needs to sustain over 3085 for higher. Bonds… No change FX… Euro…is into short term support at 132.40-20. EUR/AUD…a close under 148.22 is needed for help with more Euro weakness Commodities… Gold…so … Continue reading →

A.M. Look 8/28/13

Posted on 08/28/2013

Stocks.. GS…149.28-148.71 are where the macro sell stops lie with 147 being the 200 day which should bounce on an overrun the first time down. GOOG…847-844 is weekly and monthly support and the macro downside closing pivot. Look for a … Continue reading →

Midday Missive with AAPL update!

Posted on 08/27/2013

Just the opposite of yesterday. Spu’s have a potential weekly double bottom in place @ 1631.50. All the near term shorts will get run out of the market again with a close over 1644. Right now the bots are front … Continue reading →

Spu/Bonds & Vix

Posted on 08/27/2013

You’ve got a potential double top in the Vix @ 16.55 after pattern follow through from yesterday’s ORH to the upside today.. Spu/Bonds @ the 50 day will be very pivotal. Price action here can prove violent. It’s a tough … Continue reading →

Drumbeat of War

Posted on 08/27/2013

When trading becomes emotional and not fundamentally driven, instruments can go a lot farther than you think. Many fundamental traders have been taken out on stretchers to the poor house while mumbling that the markets should not have traded like … Continue reading →