Stocks… Spu’s…1807 is the 50 day mvg avg. it will be pivotal all day. (firm above/weak below) Bonds.. 30 yr. Bonds…132.28-30 is resistance . FX… EUR/AUD…153 +- a few is resistance. AUD/USD…89.10-88.75 is support. USD/JPY…101.50-70 is Dollar support..Yen resistance (98.30-50 … Continue reading
The Italian Bonds (FBTPH4) are attempting an ORL day. All world Bond Futures are under pressure….Gilts, Bund, & U.S. Treasuries. VIX…14 is big closing support. price action back above 14.70 should be monitored in light of the Nasd 100 Pit … Continue reading
Stocks… Nasd 100…3584 is support and the short term downside pivot. Buy stops are over 3630-35. KBE…needs all new closing strength over 32.45 for another run to retest the ORL reversal # of 33. KRU…the regional banks need to hold … Continue reading
Stocks… Nasd 100…3584 is the upside pivot for more strength. A monthly close over 3630 leaves way for a test of 3754. THRX…Theravance Inc put in a bullish ORH pattern Friday and has followed through with a close over it’s … Continue reading
Stocks… Nasd 100…3524 is support. SPU’s…still need closes over 1800 for higher. The first descent retrace is in the low 1770’s. GDX & GDXJ…have been creeping higher since Dec. They both look like they can rally another couple of dollars. … Continue reading
ETF Traders… TBT…is attempting an ORH day. A close over 72 would confirm a Risk On Pattern with higher rates. The later in the day that we maintain over this level the better the signal.
Stocks.. Dax…9300 is first resistance. Bonds… Bund…have rallied a long way. 143.40 is first support and the short term downside pivot. 30 yr. Bonds…133.18 is resistance. Look for more weakness under 132.27. This could easily give you another point. FX… … Continue reading
This spread is attempting an ORH day. This is a bottoming formation. IBM is also putting in an ORH. PCLN jammed the shorts @ the ORL # 30 Yr. Bonds…expect more weakness under 133.16 A completion of this pattern can … Continue reading
Stocks… GOOG…1120-22 is pivotal for GOOG and the entire board. Sustained and closing price action under 1120 will lead to another bout of Risk Off. That could easily lead to another 100 points down in Nasd. Nasd 100…needs a couple … Continue reading