Monthly Archives: January 2016

30 yr. Bonds

A.M. Look 1/29/15

Stocks… Spu’s…it’s all about the close today and price action Sunday night into Monday. We keep rallying to unchanged on the week and failing. The Dow and Spu’s both need to hold the breaks today and start higher into Feb. … Continue reading

Midday Missive

OIL…33.98 was the high of the previous rally before we went to new lows. Above look for a print @ 34.74. Closing over 35 will crush the shorts. All the Oil currencies have bottomed. Buy any descent pull back in … Continue reading

A.M. Look 1/28/16

Stocks… Spu’s…Battle lines have been drawn. 1851 …1913.50 on top is initial resistance. Today’s sell stops are @ 1865. AMZN…is trading in pre market @ 602, yesterday’s opening range. With earnings after the close, I would imagine that investors will … Continue reading

A.M. Look 1/27/16

Stocks… APPL…is trading @ 96.20 as i write. A failure to get back above 97.50 leaves way for lower retests. Longer term bulls will throw in the towel below 90. AAPL needs to find a low today with some Fed … Continue reading

Currencies…OR Pattern Alert…Risk On

CAD/JPY AUD/CHF GBP/USD Canadian Dollar Copper Mexican peso is working on the same pattern. Brazilian Real is putting in a bottoming pattern as well.  Gold…this wants to trade the 200DMA @ 1135 for a start. It’s doubtful if it can … Continue reading

Spu’s

Downside wave counts aside, this shows we can go higher before lower.

A.M. Look 1/26/16

Stocks… VISA Mastercard Capitol One…needs to hold the 58 level. American Express…this could be the value trade vs. the other credit card issuers since it’s already had a big sell off on earnings into multi year fib support. Bonds… 30 … Continue reading

Midday Missive

GOOGL…Sustaining above 750,today’s ORH#, will Keep the Futures firm. 760 is the next resistance level. AMZN was firm all A.M. despite the energy names dragging down the indices.  The street is positioning for big upside again in the names going … Continue reading

A.M. Look 1/25/16

Stocks… Spu’s …1909-13 is the exit zone for new longs. Sustained price action above this level is needed for higher. MCD…earnings are out in pre-market. This name has held up well during the sell off. AAPL…earnings are out after the … Continue reading