Monthly Archives: April 2014

Midday Missive

Euro…the resting buy stops are over 138.80, today’s ORH# Gilts…a close today over 110.30 puts in an ORH day. Today’s low is it’s 200 DMA. KBE…a close over 32 will provide short term bottom to trade against. IBB…has held for … Continue reading

A.M. Look 4/30/14

Stocks… Spu’s… closing over 1874 will run out the short sellers. 1864 was the qtrly close. Since it’s month end this will become a big pivot late in the day. Good above/Negative below. Late price action below 1860 (last weeks … Continue reading

A.M. Look 4/29/14

Stocks… Spu’s… price action over 1870 and closing over 1874 will run out the short sellers. Bonds 30 yr. Bonds… have a double top on the point & Figure charts from Friday. 133.24 is first support. A close below 133.15 … Continue reading

Price Action

The Spu’s held Unchanged on the year with interim support @ 1844-46 matching the Spy @ 184.70. Both are attempting ORL days and both have hit intermediate support. 15.20 is resistance in the VIX. Most instruments are getting oversold again. … Continue reading

QQQ…Follow Up

We have a resting limit order in for the 85 QQQ  2 May Puts. These expire Friday. The Puts jumped after we put out the alert. Do Not chase this trade! This is a directional bet for the end of … Continue reading

QQQ…Trade Alert!

Buy the 2 May 85 QQQ Puts @ .30 or better This is a 10% position

Midday Missive

V…Visa looks to have bottomed. The first test is 207.50. The stop for any attempted long is 203. FEYE…between Palo Alto Networks Fireeye looks to have better upside to close 44.50. PANW resistance starts @ 66.35 ITB…rates are low and … Continue reading

Midday Missive

SCHW…is attempting an ORL day by staying under 26.73. By not holding 26.49, mvg avg support, look for the up move to be over. PCLN…1109-10 is the 200 DMA support. KBE…is trading @ it’s 200 mvg avg @ 31.96. Price … Continue reading

A.M. look 4/28/14

Stocks… AAPL…575.13 was last years high. There should be resting buy stops above this level. Bonds 30 yr. Bonds… have a double top on the point & Figure charts from Friday. 134.12 is first support. A close below 133.15 is … Continue reading

Midday Missive

Europe is heading for the exits. Vlad the Impaler is shading enthusiasm for any squeeze up into month end. XLF… is breaking down below 2190. AMZN…the first downside wave count tgt is 302. Nasd 100…3500-11 should give the sell off … Continue reading