Stocks.. No change…Spu’s & Nasd have given me all the expected price action I’ve been waiting to see going into qtr end. (They’ve both hit all my # sets) Range trading should prevail. Bonds… 30 yr. Bonds…136.06 + a couple … Continue reading
30 Yr. Bonds…135.00 + a few is matching Fib support. This is big swing stuff. It’s the first serious measured pullback from the 2007 low and 50% back from the 2011 low. This is a big technical level that deserves … Continue reading
Stocks.. Spu’s…there are resting sell stops @ 1596. We’re presently sitting on daily support @ 1606 In Sept. Bonds… 30 Yr. Futures…136.00 +- a few is the qtrly tgt and a go or no go level for another move, which … Continue reading
Today will not be a day for Amateurs, I’m writing Cash & Futures prices only today. Stocks.. Bonds… The 30 yr. owes me at least one little wiggle up today. Price action over 140.04-06 and it can keep on wiggling! … Continue reading
Stocks.. Nikkei…13,100 is near term support. As long as this remains above 12,500 it remains on a positive footing. Closing over 13,520 will lead to more upside. Bonds… Bunds…143.75 is resistance and the closing upside pivot. FX… USD/JPY…94.90-95.00 (105.30-40 Futures) … Continue reading
Stocks.. Spu’s…are at resistance and very near the closing upside pivots. Spu/Bonds… are once again hugging the 18 day making new direction tough to discern. Bonds… We’ll look tomorrow for the next move. FX… AUD/USD…96.73 is the next resistance. Closing … Continue reading
Housekeeping: It has come to my attention that many of you do not have your quote boards set up to properly view the markets. First and foremost you know I’m all about capital flow. In order to see the flows … Continue reading
Stocks.. Nikkei…is putting in a bottoming formation with an inverted head & shoulders on the daily charts. Last nights low of 12,990 has to hold for this pattern to be correct. Bonds… 30 Yr….can rally to 141.08 ( Sept.) and … Continue reading