Midday Missive

Spu’s…1682-83 is resistance. A close over 1686 is needed to reverse the pattern. Having said that, all new weakness is needed under 1675 for an attempt lower.

CAT…80.85 is the monthly ORL #. There will be resting sell stops below.
This is a bear trap level the first time down.

Gold…needs a close over 1327 to avoid lower retests.

EWZ…investors are bottom fishing in the bombed out names.
This is a good place to look if you’re Bullish and wish to add risk.

As long as this remains above 43.80 the pattern is good.

This entry was posted in Archive and tagged , , , , , . Bookmark the permalink.