A.M. Look 8/11/14

Stocks...


Spu’s…1934 starts resistance with price action needed over 1937.50 for a run to 1952.

Nasd 100…looks better than the broader market. 3910-15  is resistance and the closing upside pivot.
AAPL…Friday’s low was a retest of the earnings report low after the close of 93.30. 95.47 starts short term resistance with closes over 96 needed for new upside momentum.

Bonds
FX…

Commodities

LHV…Hogs after an almost 20% 2 week correction, Hogs are approaching support at the 96.39 200 DMA.
LCVCattle the Oct is Limit down this A.M. The months line up differently. Price action under 147.00 is needed for another day to confirm more downside.

General Comments or Valuable Insight

SPU/Bonds are trading right on it’s 200 DMA as I write this.

Pay attention to your time frames today and the resistance levels in the broader indices to run moves.
……………………………………………………………………………………..

Current Positions….

                                            Entry     Stop      TGT

SHORT USAU ( 30 Yr. Bond Futures)   140.00

……………………………………………………………………………………..

Today’s Working Orders

SELL USAU (30 yr. Bond Futures) @ 140.14

BUY 1 USAU @ 138.14
This entry was posted in Archive and tagged , , , , , , , . Bookmark the permalink.