Pro Tips

A.M. Look 1/13/16

Posted on 01/13/2016

Stocks… Spu’s…the target for this rally is 1973. This is the exit zone. Spu’s are having an oversold bounce. Nasd 100..4400 +- a couple is resistance NOV… has one of the cleaner patterns in the Oil patch with room for … Continue reading →

A.M. Look 1/12/15

Posted on 01/12/2016

Stocks… Spu’s… Nasd 100.. AAPL… The Indices and AAPL are flashing oversold and trying to turn up for a mid week bounce. I’m not reading anymore into it than it’s attempting an oversold bounce into Options expiration Friday. Last night’s … Continue reading →

A.M. Look 1/10/16

Posted on 01/10/2016

Stocks… Spu’s…near term resistance is last night’s high of 1928.50. Holding above 1937.50 late day is needed for a mid week rally. AMZN…is coming into support on the weekly charts. This is a bounce zone the first time down. GOOGL…shows … Continue reading →

The Late Show

Posted on 01/08/2016

Let the games begin Vix Futures are showing a potential double top on the daily chart. You got a big flush in the Equities going into London’s close. I just bought the XLE January 15 56.5 X 58 Call spread … Continue reading →

Midday Missive

Posted on 01/08/2016

Wheat, Soybeans & Gold is where the Money is going. Grains are trying to break out to the upside. Wait for the close for confirmation of strength. Soybeans Soybeans Weekly ​JJG​

A.M. Look 1/8/16

Posted on 01/08/2016

Stocks… Spu’s…near term sell stops are under yesterday’s last night’s low of 1928.50. Nasd 100…4265-75 is the next oversold bounce level. XLE…54.26 is the 2011 low. Ultimate fib support is closer to 50. XOM…the pattern is hardly an advertisement to … Continue reading →

A.M. Look 1/7/15

Posted on 01/07/2016

Stocks… Spu’s…1933 is as good a # as any for a short term bounce. Nasd 100…4265-75 is the next oversold bounce level. AAPL…94.77 is semi-annual trend with macro stops below 92. XLE…54.26 is the 2011 low. Ultimate fib support is … Continue reading →

A.M. Look 1/6/16

Posted on 01/06/2016

Stocks… Spu’s…below 1980, 1961-3 is the next extreme. It’s a cover zone that should bounce the first time down. AAPL…94.77 is semi-annual trend with macro stops below 92. @ 40% off last year’s high it’s a good place to look … Continue reading →

A.M. Look 1/5/15

Posted on 01/05/2016

Stocks… Spu’s…1990-92 needs to hold on the P&F for another bounce. Closing under 1980 leaves way for a much bigger correction as laid out in the qtrly update. Nasd 100… 4550-75 is resistance. Bonds… 30 Yr. …bonds can lose steam … Continue reading →

AMZN & GOOGL 50 DMA’s

Posted on 01/04/2016

AMZN…656.11 GOOGL…760.30 These levels have to bounce for any bounce in the Indices!