Pro Tips

The Late Show

GOOGL & AMZN need to hold these levels to not see a big flush at the end of the day. IBB below 332 will be negative as well

Oil

This should be a drag the rest of the day. The Futures could very well go all the way back and retest the weekly break out @ 43.40-60. You’ll have friends on the rallies. The despots just got a 20% … Continue reading

Midday Missive

Spu’s are matching up with support and resistance in GOOGL. 632 is support…644 is resistance. The Spu’s are holding the opening range for the moment. Oil…46.46 is near support with all new weakness below.

A.M. Look 9/1/15

Stocks… Spu’s…1967.25 is closing resistance. Nasd 100…4238 and 4389 are the resistance levels. IBB…anything into 326 is a possible hold zone. Closing below is negative the indices. Closes back over 350 are needed to form up for a bullish pattern. … Continue reading

A.M. Look 8/31/15

Stocks… Spu’s…1967.25 is today’s sentiment # for end of day trading. Good above/negative below. Nasd 100…mvg avg resistance is 4388-95. Bonds … Bund…154.52 is today’s resistance FX… USD/JPY…120.72 (82.83 Futures) is the 200 DMA. Spu’s up = Yen down. Euro…is … Continue reading

Midday Missive

Oil…this is an upside breakout which could run close to 47 which is the first Fib retrace coming back up on the year. Later in the day if you get a pullback into the 43.40 area buy some upside. I … Continue reading

A.M. Look 8/28/15

Stocks… Spu’s…1967.25 (last weeks close) will be pivotal all day as it was yesterday. 2000 is the 50% Fib retrace level where bears will give it another go. Nasd 100…mvg avg resistance is 4388-95. Bonds … Bund…154.52 is resistance and … Continue reading

The Late Show

The Spu’s are up at everybody’s resistance. I think we just power through the zone. In order for there to be profit taking the Spu’s have to trade back below 1967.25 ( last weeks close). This would mean that GOOGL … Continue reading

COP…Energy & Healthcare

​Energy and Healthcare are the two sectors worth reviewing. There is massive short covering in the EEM off this Oil rally.​

Midday Missive

It’s all in a name. The indices will be a nightmare to trade. The Nasd 100 will remain firm as long as IBB holds today’s low of 344 which is it’s 200 DMA. BBY…36.05 is the 200 DMA. Closes over … Continue reading