Stocks...
Spu’s…by holding a break to 1900 there is room for a move to 1936 +- a few.
This is today’s first exit zone for longs. Closing above leaves room for another 40 points.
Spu’s…by holding a break to 1900 there is room for a move to 1936 +- a few.
This is today’s first exit zone for longs. Closing above leaves room for another 40 points.
Nasd 100…resistance is 4259 matching last years close of 4238. Closing above this area is needed for another 100 points.
AMZN…524.25 was last week’s close.
NFLX… 102.24 is today’s hold level on a break (last Friday’s close). Maintaining and closing over 107.40 is needed for another run higher.
FB…92.77 last week’s close.
IBB…310.24 last week’s close. This ETF has room on the charts for higher.
UVXY…this Vix Future shows there is room for a move to 45.25.
Equity Indices up= VIX lower.
Bonds …
30 yr. Bonds.. 155.06-10 is support.
TLT…124.80 is 200 DMA resistance
FX…
EURO…Dollar bulls just want to see a close under 111.76.
Commodities…
Oil…after running the stops yesterday we’re trading unchanged for the past 3 weeks.
It’s stuck making it an opportunistic 2 way technical trade.
General Comments or Valuable Insight
Yra laid out today’s release last night.
If you’ve not signed up to read his blog You Should!
http://yragharris.com/2015/10/01/tango/
For me I just want to see the Indices hold a break into Wednesday’s close and then close higher on the week.
The later in the day we get with the Indices higher on the week the path of least resistance will be up.
Price action.. just a general observation
No man’s land is between 11:00-12:30 CDT (the time between the the end of London’s capital flow and NY Lunch) This is when the Bots run wild and we’ve been witnessing trend extremes that are overbought or oversold with rip your face off reversals.
NFLX
IBB
VIX Futures
