Monthly Archives: October 2015

A.M. Look 10/31/15

Stocks… Spu’s… 8/19/15 high we broke from was 2093.25. It was Mid-week high. Note should be taken at yesterday’s index lows ( SPU’s 2073.50 & Nasd 100 4642.75) which would be today’s ORL #’s. These are the panic levels for … Continue reading

Midday Missive

Equity Bond spreads are breaking out to the upside. The Bonds are driving the spread. We’re getting the channel breakdown below 156.22 in the 30 Yr. Futures. This is not a small thing. The spread is attempting an ORH month … Continue reading

A.M. Look 10/29/15

Stocks… Spu’s…2053 is support and the downside pivot. Use 2085 for resistance. Bonds … FX… Euro…110.40 is today’s point & figure resistance. Commodities… Oil…46.30 is resistance and the closing upside pivot. General Comments or Valuable Insight There was a lot … Continue reading

A.M. Look 10/28/15

Stocks… Spu’s…2053 is support. Spu’s need to print 2049-50 for a reversal to appear on the Point & Figure chart.  GILD…107.15 is the 200 DMA. You’d need sustained price action below for any real profit taking. UNH…will need over 120 … Continue reading

A.M. Look 10/27/15

Stocks… Spu’s…2055 is support and the downside momentum level. As of now you’d need to see sustained price action below 2053 to see profit taking. GOOGL… weakens below 711. AMZN…weakens below 579.   Bonds … 30 Yr. Futures…can squeeze up … Continue reading

A.M. Look 10/26/15

Stocks… Spu’s…2055 is support and the downside momentum level. As of now you’d need to see sustained price action below 2053 to see profit taking. GOOGL… weakens below 711. AMZN…weakens below 579.   Bonds … 30 Yr. Futures…are caught between … Continue reading

A.M. Look 10/23/15

China cut rates by a quarter of a point last night. Along with the tech companies all up app 10% on earnings. You could see a little profit taking after the U.S. opens in specific names but I doubt it … Continue reading

A.M. Look 10/22/15

Stocks… Bonds … No desire to be short!   FX… Commodities… OIL.. 46.30-40 is near term resistance. Closing under 44.97 ( the 50 DMA) will bring out the bears. Gold…I got stopped out at break-even. I remain bearish the metal … Continue reading

A.M. Look 10/20/15

Stocks… AAPL…needs sustained price action and a close over 112.50 for an upside breakout. GILD…sustained price action and a close over 104.00 is needed for more upside. TWTR… remains positive as long as there is no close below 29.80 XLV…70.30 … Continue reading

A.M. Look 10/19/15

Stocks… TWTR..sustaining over 31.50 leaves way for another 5 dollars. DIS…needs under 105.60 to weaken. Bonds … 30 Yr….157.25 is today’s mvg avg support.   Bund…156.45 is today’s mvg avg support.   FX… GBP/USD…is strong on the crosses. GBP/JPY is … Continue reading