Pro Tips

IBM

This is another name that bottomed yesterday. Look for a test of 190.

A.M. Look 6/6/14

Stocks… Nasd 100…has broken out again on the monthly & qtrly charts. As long as the Nasd 100 holds 3740 it remains a buy. There is a last remaining resistance zone @ 3790-3817. Once above expect a test of 3885. … Continue reading

Copper

This bears watching today. The Pit session only has the chance for an ORH day with a close over 3.0970. This metal is attempting to bottom. I’ve looked at calls in COPX ( the Copper Miners) and the other associated … Continue reading

Equity Indices & Further Comments

Nasd 100…resting sell stops are @ 3714, today’s ORL # 90.81 QQQ Spu’s…resting sell stops are @ 1916, today’s ORL # 192.26 SPY DAX…resting sell stops are @ 98680, today’s ORL # 31.87 EWG VIX…by holding today’s low this could … Continue reading

Equity Indices & Further Comments

All working orders should be canceled. EUR/JPY…stopping @ it’s 200 DMA “138.57” is staying further Euro weakness for now. Gold…elected the short term buy stops that have been building over 1250. Until I see price action and a close over … Continue reading

A.M. Look 6/5/14

Stocks… Spu/Bonds…rallied all the way back to test the April 4 breakdown level almost to the tick, making today’s ECB and tomorrow’s employment data all the more interesting. This is the level that the Spu’s corrected 80 points and the … Continue reading

Euro & EUR/JPY

Euro…is putting in a relief rally from a very oversold condition in front of Thursday’s ECB meeting. It’s presently trading @ 200 DMA resistance, which will also act as a near term upside pivot. EUR/JPY…has had a nice 2 figure … Continue reading

A.M. Look 6/3/14

Stocks… MVV…(Midcap 400) is the index with a potentially bullish pattern. It will be important to see if this holds up today into Thursday A.M. to see if it is indeed the start of another leg up. Bonds 10 yr. … Continue reading

A.M. Look 6/2/14

Stocks… Nasd 100… 3740.50 is resistance and a potential monthly and qtrly double top #. Price action around this level will run the next swing. We’ve been expecting a 3754 print in the Nasd for a long time. We’ll reevaluate … Continue reading

A.M. Look 5/30/14

Stocks… Nikkei…14,780 is 200 DMA resistance. Bonds 30 yr. Bonds…I’m looking for a 139.28 print after which it will be no longer profitable from a risk/reward point of view to “buy before you sell” 140.15 is the target for this … Continue reading