Stocks… XLU…put in an ORH day. 44.39 is 200 DMA resistance. 43.75 is support. XLK…41.81 is resistance. NFLX…put in an ORH day. Retest support is 109.30. Nasd 100…4390 is resistance. Bonds … 30 Yr. Bonds…despite the ORL Bonds traded right … Continue reading
Stocks… Spu’s…1990 is resistance. Do not fade above. RAX…another name that bottomed with the Indices. Price action and a close over 28.25 is needed for additional upside. Bonds … 30 Yr & Bund… formations seem friendly. It’s a Risk On/Risk … Continue reading
Stocks… Spu’s…1990 is the 50 DMA. The talking heads will all be focused on it today. Low 1970’s will be initial support. A close lower on the day today would be needed to turn the herd. Bonds … 30 … Continue reading
Stocks… Spu’s…1965 is near point & figure support. 1978 fills out the reversal for initial resistance. X…this names has lost 50% of it’s value since mid August. The path of least resistance looks to be up. The risk to own … Continue reading
Stocks… Spu’s…we’re getting pattern follow through from last Friday’s ORH’s. Nasd 100…mvg avg resistance starts today @ 4355. COP…52.50-80 is first resistance. Above, look for a move to 55+. DIG…35.36 is weekly momentum. Bonds … 30 yr. Bonds…157.29 is today’s … Continue reading
Stocks… Spu’s…by holding a break to 1900 there is room for a move to 1936 +- a few. This is today’s first exit zone for longs. Closing above leaves room for another 40 points. Nasd 100…resistance is 4259 matching last … Continue reading
Stocks… DAX, Spu’s & IBB all retested the August low in yesterday’s session. Closes under those levels are needed for a deeper correction. 1860 Spu’s, 9300 DAX, 284 IBB. Bonds … 30 yr. Bonds…157.16 is first resistance. Bunds…155.59 is today’s … Continue reading
Stocks… Bonds … 30 yr. Bonds…look to be headed to 156.20 +- a few, right where it took off from yesterday. The Long term Point & Figure shows that price action below 155.00 is needed for a trend reversal lower … Continue reading
There is nothing to own. We’ve seen to weak rallies in the Indices today. The world is still long. I would look for general weakness to continue into Wednesday qtr end. Everybody would like to sell a rally now and … Continue reading
Stocks… Spu’s…sell stops are @ 1897.25 NASD 100… 4238 (unchanged on the year) “last night’s high” 4180-85 is near support. There is a 10 point wiggle room at this level. Nasd weakens below. GOOGL…put in an ORL day Friday. 621 … Continue reading