Monthly Archives: October 2015

Indicators..QQQ Calls

Let me add a little clarity to my message this A.M. When I get the red dots on the charts it is a “warning sign” that you should not be buying strength.What matters is when I get a red arrow … Continue reading

A.M. Look 10/16/15

Stocks… Nasd 100…4384 is support and the downside pivot. Bonds … No desire to be short   FX… EURO…113.20 is support. Equities down has been positive Euro.   Commodities… OIL..47.20 is resistance. General Comments or Valuable Insight Attached is my … Continue reading

Midday Missive

GOOGL…pattern sell stops are @ 673. PCLN…was weak out of the gate and is now trading unchanged on the week. The daily pattern looks very toppy. This could slide to 1288. Spu’s…1979 is the 50 DMA and the first good … Continue reading

A.M. Look 10/14/15

Stocks… Nasd 100…4390 is closing resistance. Spu’s… We’ll need to see sustained price action and a close over 2012 to grind higher. Daily resistance will come in around 2002-3. Selling weakness starting @ 1188 down to 1978 will be problematic. … Continue reading

A.M. Look 10/13/15

Stocks… Nasd 100…4390 is resistance. Spu’s…we’re stuck. We’ll need to see sustained price action and a close over 2012 to grind higher. Bonds … FX…   AUD/USD…point & figure shows a good close over 74 cents is needed for higher. … Continue reading

A.M. Look 10/12/15

Stocks… Nasd 100…4390 is resistance. Spu’s…we’re stuck. We’ll need to see sustained price action and a close over 2012 to grind higher. Bonds … 30 Yr. Bonds…Price action back above 157.07-13 will have the Bonds going back up. FX…   … Continue reading

A.M. Look 10/09/15

Stocks… XLU…put in an ORH day. 44.39 is 200 DMA resistance. 43.75 is support. XLK…41.81 is resistance. NFLX…put in an ORH day. Retest support is 109.30. Nasd 100…4390 is resistance. Bonds … 30 Yr. Bonds…despite the ORL Bonds traded right … Continue reading

VIX

While we should stay firm into the close, caution should be exercised going home!!!!!!!! VIX tells another story @ it’s 200 DMA Wait for tomorrow before considering any further exposure.

A.M. Look 10/8/15

Stocks… Spu’s…1990 is resistance. Do not fade above. RAX…another name that bottomed with the Indices. Price action and a close over 28.25 is needed for additional upside. Bonds … 30 Yr & Bund… formations seem friendly. It’s a Risk On/Risk … Continue reading

The Late Show

Longer Term Point & Figure shows you need under last night’s Globex low of 1960.50 for a big break down to occur. Short term P&F resistance is into 1978-79. We’ll have to await the afternoon trade. For further downside I’d … Continue reading