It’s Wednesday and Wednesday rules apply! You’ll have plenty of opportunity tomorrow in the Indices. Keep your trading hats on. Low risk bounce level in the Spoo is in the mid 4040’s. We’ve been pondering a flush in the Gold … Continue reading →

Facebook is running the show. 232-6 will be initial retest support. Anything into 254 is a sell before you buy zone. Spoo’s need a 4112.50 print to turn up on the 50X3 There is no reaching for equities on strength … Continue reading →

Yesterday we tried to find trade location for Yra’s blog post last night. While we saw a few possible rejection levels there was nothing to hang your hat on. Today we saw big reversals in the Dollar and the crosses. … Continue reading →

Lots of moving parts this A.M. MSFT looks to gap to new yearly highs. Pay attention to back and fill. Oil getting hit into inventories. 76.30 is 50 DMA. 75.72 is the gap fill from MBS’s production cut. FX; Euro, … Continue reading →

First thing is the European debt having retraced lower and fulfilling technical work in the Italian 10″s. Bunds have a little more to go. This is occurring while the long end of our curve is in rally mode. 30 Yr. … Continue reading →

We have a classic risk off board this A.M. Gold-Platinum still has a little farther to go. Silver and Copper have been sold against the Gold. Friday I was looking for a low risk way to be long Gold. That … Continue reading →

No trade in the Indices. Todays Spoo buy stops are @ 4161. Euro starting to sustain over its 200 Qtr @ 109.92 with a strong DAX. 2 yr yield caught between its 50 & 200 DMA. 10 Yr. on its … Continue reading →

TSLA led after 12:30 and stopped @ the bottom of the cloud, which lined up with the Index lows. Mortimer pegged the high and low today in the Spoos. Will take a deeper look tomorrow.

Linear vs. Log chart Yesterday I sent out a TSLA chart set on Log. As you can see from today’s Linear chart that the daily cloud comes in @ 159.73. Fib Retracements done on a linear chart show two big … Continue reading →

VIX…ORL @ the bottom of a move into oversold condition. Do not go home long, rather wait and respond to price in the A.M.