Pro Tips

Midday Missive

Back and forth we go in the Equity Indices. I view this a technical range trade. The Spu’s need to elect the 1625 sell stops to entice new sellers. We’ve seen another failure to rally anywhere in the broader indices … Continue reading

A.M. Look 9/3/13

Stocks.. Spu’s…needs over 1654 resistance to confirm higher. DAX…8270 is resistance and the upside pivot. Euro Stoxx 50…2790 is resistance and the upside pivot. Nikkei…14.170 is resistance and the closing upside pivot. Bonds… 30 yr…is caught between 132.15 & 131.22. … Continue reading

VIX…Pattern Alert!

Vix cash is attempting an ORH month with a close over 17.32. Fulfilling this pattern would lead one to believe that there is more “Risk Off” in store. This bears watching as sustaining above this level shows room for a … Continue reading

A.M. Look 8/30/13

Stocks.. Nasd 100…3083 was last months close. It all comes down to the end of day, will it close higher or lower on the month? Bonds… 30 yr….132.15 has to hold on a break for higher. FX… Euro…needs a close … Continue reading

30 yr. Bonds…Pattern Alert !

30 yr. Bonds…the pit session is attempting a daily ORH with a close over 132.28. The all session chart needs a close over 133.16 for this pattern. In any event 133.23-25 is resistance the first time up. We pointed out … Continue reading

Equity Index Follow up for Day traders

Spu’s…1644 is first resistance. This looks to trade as high as 1653 on this wiggle. Nasd 100…3117 is the first good resistance. I wouldn’t expect to see any action above this on the first attempt without some re trace. That … Continue reading

Equities

They’ve held for now… You can buy the Spu’s or the SSO with a stop at today’s low looking for upside follow through into month end. The most important aspect of buying these dips in here is you know exactly … Continue reading

A.M. Look 8/29/13

Stocks.. Spu’s…are caught between 1627 and 1638. Nasd 100…needs to sustain over 3085 for higher. Bonds… No change FX… Euro…is into short term support at 132.40-20. EUR/AUD…a close under 148.22 is needed for help with more Euro weakness Commodities… Gold…so … Continue reading

A.M. Look 8/28/13

Stocks.. GS…149.28-148.71 are where the macro sell stops lie with 147 being the 200 day which should bounce on an overrun the first time down. GOOG…847-844 is weekly and monthly support and the macro downside closing pivot. Look for a … Continue reading

Midday Missive with AAPL update!

Just the opposite of yesterday. Spu’s have a potential weekly double bottom in place @ 1631.50. All the near term shorts will get run out of the market again with a close over 1644. Right now the bots are front … Continue reading