Pro Tips

A.M. Look 10/12/15

Stocks… Nasd 100…4390 is resistance. Spu’s…we’re stuck. We’ll need to see sustained price action and a close over 2012 to grind higher. Bonds … 30 Yr. Bonds…Price action back above 157.07-13 will have the Bonds going back up. FX…   … Continue reading

A.M. Look 10/09/15

Stocks… XLU…put in an ORH day. 44.39 is 200 DMA resistance. 43.75 is support. XLK…41.81 is resistance. NFLX…put in an ORH day. Retest support is 109.30. Nasd 100…4390 is resistance. Bonds … 30 Yr. Bonds…despite the ORL Bonds traded right … Continue reading

VIX

While we should stay firm into the close, caution should be exercised going home!!!!!!!! VIX tells another story @ it’s 200 DMA Wait for tomorrow before considering any further exposure.

A.M. Look 10/8/15

Stocks… Spu’s…1990 is resistance. Do not fade above. RAX…another name that bottomed with the Indices. Price action and a close over 28.25 is needed for additional upside. Bonds … 30 Yr & Bund… formations seem friendly. It’s a Risk On/Risk … Continue reading

The Late Show

Longer Term Point & Figure shows you need under last night’s Globex low of 1960.50 for a big break down to occur. Short term P&F resistance is into 1978-79. We’ll have to await the afternoon trade. For further downside I’d … Continue reading

KBE…S&P Bank ETF

A.M. Look 10/7/15

Stocks… Spu’s…1990 is the 50 DMA. The talking heads will all be focused on it today.  Low 1970’s will be initial support. A close lower on the day today would be needed to turn the herd.   Bonds … 30 … Continue reading

Midday Missive

DD…the bulk of this rally looks over to me. Any longs should lock in their money. Silver…is trading right @ it’s 200 DMA. Price action above 16.12 will lead to another push higher. How much downside we get from here … Continue reading

A.M. Look 10/6/15

Stocks… Spu’s…1965 is near point & figure support. 1978 fills out the reversal for initial resistance. X…this names has lost 50% of it’s value since mid August. The path of least resistance looks to be up. The risk to own … Continue reading

Midday Missive

Options have gone form incredible cheap to downright unreasonable. I.E. Friday you could buy calls for 1-1.50 bucks in some of the big cap leaders. Today if you’s like to purchase the the same measured upside you’d be paying 8 … Continue reading