Stocks… Spu’s…we saw a mid week rally to nowhere. Sell rallies. NASD 100… 4238 (unchanged on the year). Closing below would set off another wave of selling before the end of the qtr. DAX…new sell stops are below 9483 which … Continue reading
Stocks… DAX…auto makers are causing a route in Germany causing spill on effect across the U.S. equity indices. I’m looking for a retest of the last low of 9300. NASD 100…4240 is today’s Fib support matching 4238 (unchanged on the … Continue reading
Stocks… Nasd 100 (Z)…4371 is the 200 DMA. Nasdaq needs to close over this # to gain upside traction. As long as 4300 holds I’ll be looking for specific names to buy. Spu’s….(Z) 1951 +- a dollar is unchanged for … Continue reading
Stocks… Spu’s…(Z) 1919-22 is support and the closing downside pivot. Short term Spu’s weaken under 1944. 1964 will delineate the upper band today. Do not fade price action above. Nikkei…weakens under 17945 NBIX…seems to have run it’s course on this … Continue reading
Stocks… Spu’s…1919-22 is support and the closing downside pivot. 1968 will delineate the upper band today. Nasd 100..a close under 4240 is needed for further downside. A close over 4315 is needed to think the downdrafts are at an end. … Continue reading
Stocks… Spu’s…1992 was the Aug high we imploded from. It’s also mvg avg resistance that needs to be closed over for more strength. Nasd 100..4368.25 is that same #, however the mvg avg resistance was 4328. DAX…traded right into resistance. … Continue reading
Stocks… AAPL…needs a close over 112.50 for upside. GOOGL…626 close is today’s hold #. IBB…336 will be pivotal all day. Spu’s…Point & Figure stops will be under 1916. 1957 is resistance. As of this writing you’d need to see sustained … Continue reading
Stocks… Spu’s…1967.25 (last weeks close) will be pivotal all day as it was yesterday. 2000 is the 50% Fib retrace level where bears will give it another go. Nasd 100…mvg avg resistance is 4388-95. Bonds … Bund…154.52 is resistance and … Continue reading
Stocks… Spu’s…1964.50 was Sunday’s opening range with small buy stops above. Sustaining and closing above should solidify this low. This is an exit zone the first time up for Futures traders. Bears will give it one more go @ 1978. … Continue reading