Pro Tips

A.M. Look 3/21/16

Posted on 03/21/2016

Stocks… Spu’s…need to close under 2005 to break down.   Nasd 100…last week I was looking for a 70 point rally. This week I’ll need to see a couple of closes over 4415 to maintain upside momentum.   Weekly sell … Continue reading →

A.M. Look 3/18/16

Posted on 03/18/2016

Stocks… DAX, Euro Stoxx et al expire this A.M. You could get two capital flows today. One up into Europe’s close. Then we’ll see if our indices keep getting bid up into our close. I’ve attached charts to show that … Continue reading →

Soybeans & Copper

Posted on 03/17/2016

Soybeans…are poking up above it’s 200 DMA. I am friendly to the grain pattern with an 8.88 closing stop. Let the day session get going after 9:30 CDT to see whether the pattern has legs. The general Dollar weakness is … Continue reading →

A.M. Look 3/17/16

Posted on 03/17/2016

Stocks… Spu’s…Traded unchanged on the year last night before profit taking ensued. June shows that a close below 1997 is needed for momentum breakdown.   Bonds.. Bunds…162.20 area is the level that needs to be closed over to work higher. … Continue reading →

Post Fomc

Posted on 03/16/2016

A.M. Look 3/16/16

Posted on 03/16/2016

Stocks… Spu’s…that green line is the 200DMA. A close over this level tomorrow or Thursday is needed to attract new buying. Nasd 100…yesterday I thought there was a chance for this to lead with early price action over 4360 looking … Continue reading →

A.M. Look 3/15/16

Posted on 03/15/2016

Stocks… Spu’s…2030-35 is the resistance and target level for March. June 2020-25 with the cash (SPC5) 200DMA @ 2019.   Nasd 100…4400 +- a couple is where the 200DMA comes in. This should reject the first time up.   Bonds.. … Continue reading →

A.M. Look 3/14/16

Posted on 03/14/2016

Stocks… June Equity Futures will become the dominant month today. Spu’s…June is trading at a 10.00 point discount to March. Nasd 100..June is trading at a 9 point discount to march   Bonds.. FX… June Forwards…These are the current spreads … Continue reading →

A.M. Look 3/11/16

Posted on 03/11/2016

Stocks… Spu’s have to close below 1965 front month for lower.   Bonds.. 30 Yr….161.19 is the bottom of this area with all new weakness below. 163.14 is resistance. Bunds…right here it’s hard to gauge whether they can get back … Continue reading →

Midday Missive

Posted on 03/10/2016

Bunds have been running the show with an ORL day happening. Bunds can trade as low as 160.18 Spu’s can put in an ORL day with a close below 1978. There will be a big fight at the level the … Continue reading →