Catching up. SPU’s…bottomed @ the 200 DMA yesterday. A close tomorrow over the 50 DMA @ 12041 (126.50 SSO) is needed to confirm a low. OIL…just hit it’s initial upside tgt @ 54.00 EURO…any price action over 115.10 is too … Continue reading
P&G is a name I like here. OIL…54 is resistance. I doubt it will get there today. 30 Yr. Bonds…149.10 is support and the closing downside pivot. It is a must hold level for the 30. Gold…1254 is the 200DMA. … Continue reading
Stocks… SPU’s… 2043 (50 DMA). This will be pivotal all day. AAPL…reports earnings today. 110 is 50 DMA support. FTSE…6650 is 200 DMA support. Bonds … BUND…157.75-50 is support. FX… EURO…price action over 112.75 will lead to more profit … Continue reading
Stocks… SPU’s…need a close above 2065 to start another leg higher. 2035 is pattern support. The point & figure shows congestion between 2061-2072. Let the market work through this level. It’s not a great spot to initiate new longs. Nasd … Continue reading
Stocks… MBLY…put in an ORH day. Sustained price action and a close over 40.20 confirms the low. UAL & ALK have the same chart patterns. Both look to go higher into earnings early today, however I think a gap up … Continue reading
Stocks… SPU’s…2028 is daily resistance and the upside momentum #. Nasd 100… 4182 is daily resistance and the upside momentum #. SNDK…reports today.. There are weekly options available that expire Friday. This stock is oversold so an outright call or … Continue reading
Stocks… SPU’s…2028 is daily resistance and the upside momentum #. Nasd 100… 4182 is daily resistance and the upside momentum #. Bonds … 30 Yr. Futures…149.00-148.30 is pattern support and the downside momentum level. FX… GBP/USD…the pounds are set … Continue reading
Silver…17.85 is the next level on the point & figure to stall out. Once above there is not much for another dollar 30 Yr. Bonds…macro sell stops are just below 149.00, today’s ORL #. I got stopped out of the … Continue reading
Stocks… ORL’s abound. Spu’s, Nasd 100,IBB,PANW,XLK,XLV,IWM…the list is too long! IBB…took off it’s party hat yesterday with an ORL day. Biotechs have been bucking the trend for a while. 303.35 is the 50 DMA. This is where the rubber … Continue reading
Stocks… Spu’s & Nasd 100…trade the early NY price action paying close attention to yesterday’s lows. Line…needs sustained price action and a close over 11.00 for higher. BPT…has been behaving much better than Line with an ORH day. 74.85 is … Continue reading