Monthly Archives: February 2016

A.M. Look 2/29/16

Stocks… Spu’s….1931 is un changed on the month. There have been two 10 point rallies since the Asian opening which have been met with selling. Bonds.. 30 yr….(June M) 165.28-165.02 is near resistance and today’s upside pivot. FX… EUR/JPY…is oversold … Continue reading

A.M. Look 2/26/16

Stocks… Spu’s….both the Nasd & Spu’s have hit their initial upside targets In London. They should back and fill a bit. The question is how much. The low 1940’s in the Spu’s and 4230 ish in the Nasd would provide … Continue reading

Aussie & CAD/JPY

Aussie Futures AUD/USD…is coming up to it’s 200 DMA. I need to see confirmation from the currencies for a short squeeze in the Equities. CAD/JPY…today’s high was the weekly ORH #. Monitor this level for a possible breakout tonight into … Continue reading

Midday Missive

Spu’s are starting out like they did on Tuesday with an early ORL 45 minute bar. Ironically from the exact spot..1931. Price action above 1931 Spu’s is needed for upside. Yen Futures have bottomed for now @ 88.60.

Midday Missive

The board should stay Risk Off through London’s close. 30 yr. Bonds…are now at levels which is an exit zone for longs, however closing over this area will be very negative equities Long Gold/Short Euro…is moving to new yearly highs. … Continue reading

A.M. Look 2/23/16

Stocks… Spu’s….1942.50 is the 50 DMA resistance. Near term support will be at Thursday night’s high of 1922. Bonds.. 30 yr….166.20 will be pivotal over the next couple of sessions. After electing the buy stops last night sustained price action … Continue reading

A.M. Look 2/24/16

Stocks… Spu’s….near term sell stops are below 1898.50. There was one short covering rally into London’s close.   DAX…looks set to retest 9067.   Bonds.. 30 yr….168.11 is the high close for this swing. FX… AUD/USD…71.62 is near support and … Continue reading

A.M. Look 2/22/16

Stocks… Spu’s….1942.50 is the 50 DMA resistance. Near term support will be at Thursday night’s high of 1922. Midcap…61.59 is the 50 DMA. Both the Midcap & Russell have similar patterns. Bonds.. 30 yr….166.20 will be pivotal over the next … Continue reading

A.M. Look 2/19/16

Stocks… Spu’s….We need back under 1912 to weaken, targeting 1885. Bonds.. 30 yr….167.12 is initial fib resistance with a possible failure @ 167 +-. FX… YEN…remains strong with a risk off board. First retest is 89.00. Commodities…   Gold..Buy hard … Continue reading

Midday Missive

Spu’s…finally had a reversal. Battle lines have now been drawn. 1912 held it’s first initial re test. The P&F confirms the level as well lining up my initial momentum studies. Gold/Euro….is retesting it’s high close Gold/Suisse.…is retesting it’s high close. … Continue reading