Monthly Archives: May 2014

A.M. Look 5/30/14

Stocks… Nikkei…14,780 is 200 DMA resistance. Bonds 30 yr. Bonds…I’m looking for a 139.28 print after which it will be no longer profitable from a risk/reward point of view to “buy before you sell” 140.15 is the target for this … Continue reading

Midday Missive

We’re seeing some profit taking out of Europe going into London’s close. Spu’s…in order for any downside to be generated sustained price action under 1905 is needed. If indeed that were to occur at some point today, 1899 is the … Continue reading

A.M. Look 5/29/14

Stocks… PCLN…1276.75 is the monthly ORL #. A Friday close and sustained price action over this level on Monday would generate new upside targets. TWTR…is trying to bottom. Those that wish to buy this should use a 32 stop on … Continue reading

Midday Missive

IYT…potential double top. Midcap 400…is attempting an ORL day. I don’t want to read too much into that pattern with a neutral RSI. The broader weakness is in the Midcap and Russell. Yes, welcome to the mid week shuffle! The … Continue reading

A.M. Look 5/28/14

Stocks… Nasd 100…3740.50 is the year high. This is a natural place to look for price rejection, however convincingly closing above this level gives much higher price targets. Nasd would need under 3685 to do any damage to the Bullish … Continue reading

Midday Missive

EURO….a close below 136.15 puts in an ORL day tgting the 135.50 level. The daily time frame is oversold, meaning selling in the hole has to be done with a very tight leash! Natgas…June Natty expires tomorrow. July is front … Continue reading

A.M. Look 5/27/14

Stocks… Nasd 100…we’re back to the March levels in Nasd. 3700 is resistance and the closing upside pivot. Price action today under 3675.75 will lead to profit taking by weak longs. Nikkei… is testing it’s 200 DMA (14,750). This is … Continue reading

A.M. Look 5/23/14

Stocks… Nikkei..is attempting an ORH week with a close over 14,490. DXJ…The lotto ticket for those looking for leverage on an upside breakout is the 47 or 47.50 “30 May Call” or the “June 6 Call”. Caveat Emptor…I’m not a … Continue reading

A.M. Look 5/22/14

Stocks… EPI…India is the higher volume ETF vs PIN. Investors wishing to add India should leave a resting order to start scaling in EPI @ 21-20. PIN..I’d look to start a position @ 20 and then be willing to scale … Continue reading

Midday Missive

World interest rates are in play with the Italian 10 leading the the peripherals lower against the Bund ( German 10 Yr.) DAX…97.28-40 is pattern resistance and the closing upside pivot. Midcap 400 Futures….(EMDM) I would need a close over … Continue reading