Pro Tips

Midday Missive

The rallies are failing in the U.S. Indices, while the breaks have been holding everywhere else. Bounces have come off the identified oversold areas in the Momentum names. Support & resistance in the U.S. Equity Indices have remained almost 100% … Continue reading

A.M. Look 4/6/14

Stocks… VIX…14.40-50 is first resistance and the 200 day mvg avg. 15.50 is an exit zone for the bulk of any long volatility positions. 13.35 is today’s support # that has to hold and line up with any rally in … Continue reading

Nasd 100 is Leading

Nasd 100..a close below 3535 puts in an ORL week. This is a negative pattern. Midcap…1342.50 is the weekly ORL Spu’s…1825 is the weekly ORL. They’re below 1874, so they’re no good in my world. Below here the mayhem will … Continue reading

Targets….VIX ETF’s

UVXY…anything close to 60 is a ( take some money off the table zone for Longs). 61.45 is the first tgt level. VXX…42.60 is the matching zone. 43.80-44 is the 1st tgt level. We’ve come a long way down, with … Continue reading

Midday Missive

Most world Bond markets are on a tear led by the Italian 10 yr. ( lower rates) The Gilts look like a positive bargain compared to some of the other interest rate futures. 30 Yr….132.12 will be pivotal the rest … Continue reading

A.M. Look 4/4/14

Stocks… Spu’s…could trade into the mid to high 1890’s. A break into the low 1860’s will be met by willing buyers. Closing under 1874 should be considered short term negative. Nasd 100…support starts @ 3602. Closing below 3582 would have … Continue reading

A.M. Look 4/3/14

Stocks… Spu’s…could trade into the mid to high 1890’s Nasd 100…3694-3700 is resistance and the closing upside pivot. VIX…14.40-50 is first resistance and the 200 day mvg avg. 15.50 is an exit zone for the bulk of any long volatility … Continue reading

A.M. Look 4/2/14

Stocks… Spu’s…could trade into the mid to high 1890’s IYT…the long term buy stops are over 136.95. The market should pause @ 137.30-40, however holding above 137 generates much higher targets. NFLX…could easily rally back to 390. XLE…is in rally … Continue reading

Midday Missive

GD…a close over 109.60 will lead to higher prices. CHK…remains firm over 25.75 close F…should reject 16.33 EWW…64.66 is resistance and the upside closing pivot. FFIV…110 is closing resistance. BIIB…by holding 305, this has room to run to 324-6 Nasd … Continue reading

A.M. Look 4/1/14

Stocks… Nasd 100…3593 is unchanged on the year. GOOG…1120.70 is the 2013 close. Matched up with yesterday’s close 1114.50,will become the macro pivot. DVN…has had an inside qtr (not going anywhere). Sustained price action above 66.92 could change that. GS…needs … Continue reading