TBT…BUY @ 70.60 GTC
30 Yr. Sell @ 136.27 GTC
Keep your eye on the 30 yr. TheĀ high was 3 ticks from the Semi- Annual close @ 135.27 “resistance and the first tgt for this move”.
The TBT shows temporary signs of downside exhaustion.
The aforementioned trades are my dream sell levels.
The correct Stop price for IBM is 172.40 .
178.71 is first resistance and the closing upside pivot.
Expect price rejection the first time up.
GS…we had raised our stop to 157.90 Stop Close.
We neglected to properly update that stop in our position statement.
For that we apologize.
160.50 is resistance, only a close over 161.50 starts a new leg up.
OIL…has elected the qtrly sell stops. It’s getting very oversold.
That doesn’t mean it can’t break another couple of dollars.
Sell rallies not breaks.
AEM...is a miner worth a look. Monthly buy stops are 31.15.
The current chart pattern shows this has the potential to trade to 33.
Place this on a buy on pullback list.
ASA…14.70 is the monthly ORH #. 15.74 is resistance. All new closing
strength is needed above 16.40 for a broader move up.
