Pro Tips

A.M. Look 7/29/15

Stocks… Nasd 100…4591 is resistance. 4500 is support. The QQQ & Nasd U.S. only session put in ORH days and both are seeing pattern follow through this A.M. Spu’s…2095 is the 50 DMA. Above, this would also match up with … Continue reading

The Late Show

All my longer term indicators are neutral in pretty much everything, however the long term Point & Figure in the Spu’s have turned up. This will need a close below 2060 to turn down. OIL Patch… COP looks to have … Continue reading

Midday Missive

AMZN…522 is today’s hold and break down #. GOOGL…650 is today’s hold and break down #. FB…91.30 is the low risk buy level. Closing below this area will lead to a potentially big drop.

OIL…

We’ve just witnessed the first oversold rally in 6 days. A little patience is required to see how much profit taking will come before tomorrow’s inventory #’s. Point & Figure resistance starts @ 48.25 through 48.61.

A.M. Look 7/28/15

Stocks… Spu’s…2060 is the 200 DMA. Looks like we’re in for another test of this level. Nasd 100..4509 is fib support with 4500 being today’s 50 DMA. This is a cover zone the first time down. You’d expect a bounce … Continue reading

A.M. Look 7/27/15

Stocks… Spu’s…2060 is the 200 DMA. Looks like we’re in for another test of this level. Nasd 100..4509 is fib support with 4500 being today’s 50 DMA. This is a cover zone the first time down. You’d expect a bounce … Continue reading

IBB…Pattern Alert!

Midday Missive

AAPL & IBB look descent against today’s low. Would not risk anymore. I just bought some APPL with a stop @ today’s low… just missed my buy level by 20 cents. Spu’s currently have a double bottom on the point … Continue reading

A.M. Look 7/24/15

Stocks… Nasd 100…4653.50 is unchanged on the week. This will act as resistance today. Bonds … FX… AUD/USD…71.61 is the Fib retracement for the past 15 years. It’s a significant level given the oversold nature of the shorter time frame … Continue reading

A.M. Look 7/23/15

Stocks… Spu’s… 2095 + a few is cloud & mvg avg support. A close under this level is needed for more downside. Nasd 100…4550-60 is the low risk buy zone. AAPL…this is a long with a 122 stop. Buy on … Continue reading