Stocks.. SSO…94.16-25 is the matching resistance area. Nikkei…14,615 has the potential to stall out the Japan rally for today. Maintaining above 14,300 on breaks keeps this Index on positive footing. DXJ…will be up this A.M. 48 is resistance and the … Continue reading
Stocks.. Spu/Bond…is the gift that keeps on giving. Spu’s…could struggle around the old highs of 1773 the first time up. SSO…94.16-25 is the matching resistance area. TBT…is trying to breakout to the upside on a qtrly chart. 79 should prove … Continue reading
Stocks.. Nasd 100…shows a head & shoulders top formation on both the daily and weekly chart. 3250’s is the first place to look for a bounce. Recovery and a close over 3358 would have me thinking this was a one … Continue reading
Spu’s elected the first set of sell stops and went nowhere. SSO…91.70 is the low risk buy zone today. If the market is good you won’t see the level. A close over 93.10 is constructive. TBT…I like the 74.75 low. … Continue reading
Stocks.. Bonds 30 yr. Futures….the path of least resistance looks to be back up again to the133.16-22 level. Bunds…show a daily double bottom @ 141.05. below they can go to 140.80,above 141.60 FX… Commodities… General Comments orValuable Insight This … Continue reading
Stocks.. BRKA…171,475 is Berkshire A will be a bellwether tell for the broader market. Price action below could easily have this slide to 169,500. The must buy # the first time down is 165,350. While I doubt we’ll see that … Continue reading
Cancel the working order to Sell TBT @ 76.45 I’m still bearish Bonds but nobody ever went broke taking a nice profit.
Sell the TBT @ the market. We’re currently trading 75.44
USD/CAD…is retesting it’s chart break out from Oct 24th. Canada is a low risk sale with a manageable exit. USD/CAD would need a close under 103.75 (over app 96.36 Futures) to negate the sell pattern. As long as the Canadian … Continue reading