Monthly Archives: February 2016

A.M. Look 2/18/16

Stocks… Spu’s….the pain trade for the shorts is on. I’m not picking a high. We’d need back under 1912 to weaken. This has been one of the biggest uninterrupted moves in a couple of years with no reversals for the … Continue reading

Midday Missive

Gold,Canada & Aussie were all big opening range trades. The last high in Canadian Futures was 73.31 2/4/16. CAD/JPY…is trading at it’s daily ORH#. Price action and a close over 83.80 will telegraph more risk on. Canada strength is coming … Continue reading

A.M. Look 2/17/16

Stocks… Spu’s….just wait a time frame. After the early Asian trade, which started higher and failed, I was fairly convinced that was the high for the rest of the week. London had a different take with the SHCOMP breaking out … Continue reading

A.M. Look 2/16/16

Stocks… Nikkei… SHCOMP…   Bonds.. 30 YR. …will take a close under 165.08 to weaken and signal more Risk On. TLT… FX… Yen… Yuan…6.45 is the level to monitor for long term trend. Commodities…   Gold…1194 is trend support and … Continue reading

A.M. Look 2/12/16

Stocks… Spu’s….watch the Oil as more short covering and bottom fishing in the Energies will be the fuel for a short covering rally. Nasd 100…4018 was last Friday’s close and will be pivotal all day.   Bonds.. 30 YR. …166.27 … Continue reading

Midday Missive

Spu’s would need to sustain over 1866 to try up again. The only question that remains is how many round trips the bots want to take today. There was a lot of bottom fishing today. Both the Midcap and the … Continue reading

A.M. Look 2/10/16

Stocks… Spu’s….watch for price rejection closer to 1880. Deutche Bank…is presently trading @ 16.85. This needs to maintain above 16.10 for further short covering. Bonds.. 30 YR. …short term sell stops are @ 165.08. Daily trend is 163.19. TLT…129.00-128.76 is … Continue reading

A.M. Look 2/9/16

Stocks… Spu’s…1854 is resistance, half way back on the week. You would not want to see price action much above that. GOOGL…the short covering started here late day yesterday. You’d need closes over 713 for the short covering rallies to … Continue reading

Midday Missive

30 Yr. .…the qtrly macro buy stops are 166.27 . GDXJ… the qtrly buy stops are 23.58 . Gold….see where the breaks hold. We’ve come a long way.   ​This flow should remain through London’s close.​

A.M. look 2/8/16

Stocks… Nasd 100…3908 is the next set of macro sell stops (last years low) Initial resistance is around 4000. 3855 is the first tgt on the way to 3600. GDXJ…Gold rallied the 16 dollars after the pit close into NYSE … Continue reading