Monthly Archives: July 2015

The Late Show..Writing Schedule

XLV & UNH are the only 2 things I want to own on the board. IYZ…the telecom I shares ETF is putting in as bottoming pattern, working on an ORH week. Closes over 30 is needed to confirm the pattern. … Continue reading

Full Mooon Trading…QQQ Trade Alert!

There is a big bottoming pattern now forming off the 7:30 ECI #’s. Sunday into Monday should prove interesting for pattern follow through. This is a massive capitulation of Long Dollar positions. The potential lows in the Aussie & Kiwi. … Continue reading

A.M. look 7/31/15

Stocks… Bonds … Bund…153.50 is support. 153.34 is today’s ORL #. FX… Euro…109.90-110.00 is resistance.   EUR/JPY…could get pushed toward 137.00 going into the end of trading today.   The feature is month end markings …Long Euro/Short commodity currencies Commodities… … Continue reading

A.M. Look 7/30/15

Stocks… Nasd 100…4591 is resistance. Spu’s…2095 is the 50 DMA. This is now support. The long term P&F shows resistance back @ 2119-20, however you need to see all new strength over 2104 to get going. DIG…the energy ETF’s trade … Continue reading

Post Mortem

I pitched my calls in the TBT. They were either going to be golden today or not. Not!! Oil…is now caught between 48.50 & 49.50. Two of my favorite names today are CL & Nike. Nike is attempting an ORH … Continue reading

The Late Show

That should be about it for the Oil today. If we see a marginally higher high later in the session it should be viewed with skepticism for it can be a bull trap. Financials have been ripping all A.M. following … Continue reading

A.M. Look 7/29/15

Stocks… Nasd 100…4591 is resistance. 4500 is support. The QQQ & Nasd U.S. only session put in ORH days and both are seeing pattern follow through this A.M. Spu’s…2095 is the 50 DMA. Above, this would also match up with … Continue reading

The Late Show

All my longer term indicators are neutral in pretty much everything, however the long term Point & Figure in the Spu’s have turned up. This will need a close below 2060 to turn down. OIL Patch… COP looks to have … Continue reading

Midday Missive

AMZN…522 is today’s hold and break down #. GOOGL…650 is today’s hold and break down #. FB…91.30 is the low risk buy level. Closing below this area will lead to a potentially big drop.

OIL…

We’ve just witnessed the first oversold rally in 6 days. A little patience is required to see how much profit taking will come before tomorrow’s inventory #’s. Point & Figure resistance starts @ 48.25 through 48.61.