Pro Tips

A.M. Look 11/23/15

Posted on 11/23/2015

Stocks… Nasd 100…resting sell stops are @ 4652 with a close below 4647 needed for downside to materialize. Spu’s… weaken below 2074.   Bonds … 30 yr….failed shy of my sell level on Friday @ 155.10. 154.01 is mvg avg support. … Continue reading →

Midday Missive

Posted on 11/20/2015

MMM…above 159.92 close this has 165 written all over it. ​GOOGL…a close over 769.08 puts in an ORH week. Stick with the market leaders. CCI…Crown Castle is putting in an ORH week as well.​ ​IYT…151.00 is the weekly ORH # … Continue reading →

BHP…

Posted on 11/20/2015

With  Gold losing downside momentum and the ASX trying to turn up with the Aussie, BHP is worth keeping on your radar for an initial 5-7% move to the upside.  

A.M. Look 11/20/15

Posted on 11/20/2015

Stocks… ASX 200…the Aussie stock market is firm above 5264. EWA…sets up a little different than the futures. A close over 19.40 is needed to confirm higher AAPL…closing over 120.25 will start another leg higher. INTC…closing over 34.75 will lead … Continue reading →

A.M. Look 11/19/15

Posted on 11/19/2015

Stocks… Spu’s… 2097.75 was last Wednesday’s high and this weeks ORH #, near term support is 2072. DAX..is breaking above it’s 200 DMA. 11,050 is near term support. GOOGL…766.35 is the only # that can reject. This has the potential … Continue reading →

Midday Missive

Posted on 11/18/2015

Dollar is bid against the Commodity Currencies and the Suisse. Of course I sold the Euro which is the wrong one to be short on all the crosses today. This should continue right into London’s close. Gold…rallies keep failing for … Continue reading →

A.M. Look 11/18/15

Posted on 11/18/2015

Stocks… Spu’s… 2040 is today’s support and downside pivot. 2061 is resistance. A close over 2067 is needed for higher. NFLX…has rallied 18% from Monday’s low. 118.80 is extremely overbought. It’s also a retest of the weekly breakdown # from … Continue reading →

Midday Missive

Posted on 11/17/2015

The board is very defensive with Healthcare holding up the Indices. IBB needs to sustain and close over 330 for upside follow through. ALNY…as usual is leading the charge. Above 104.30 there is room for a move to 108. GS…needs … Continue reading →

A.M. Look 11/17/15

Posted on 11/17/2015

Stocks… Spu’s…2059 is today’s 200 DMA. 2067 is Fib resistance and the closing upside pivot. DAX..looks to test it’s 200 DMA @ 11,080 just above this months high. MMM…is a name that did not sell off on this recent market … Continue reading →

A.M. Look 11/16/15

Posted on 11/16/2015

Stocks… Spu’s…spiked it’s 50 DMA @ 2002 and reversed. 2047 is resistance. Nasd 100…4523 is first resistance, followed by 4563 (Friday’s breakdown level) Nikkei…19,395 is the 200 DMA. This is the only Index holding it’s averages with a big early … Continue reading →