Stocks… Spu’s…failure to rally during the U.S. session over 2048-2049.50 and close above would be short term bearish. If a rally rails there after the # the board will go into profit taking mode. All session chart shows we came … Continue reading
Stocks… Spu’s…The only price action I would deem bearish is a gap lower opening under 2048… staying under 2048 and closing below 2038. Probability close to zero. The most likely scenario today is at least a retest of the gap … Continue reading
Stocks… Nasd 100…ORH pattern with follow through. Nasd 100…Pit Weekly…the gap starts @ 4519.50 which matches up with the first swing count target @ 4517. This is an exit zone the first time up. SPU with 30 Bond overlay…I’m … Continue reading
30 Yr. …mind the gap…165.20 is the bottom and is an exit zone the first time up. TLT…Lines up just a smidge over 131. A lot of risk assets are expecting a dovish Yellen. FANG stocks and the KIWI have … Continue reading
Stocks… The Equity Indices were flashing sell signals on and off all yesterday. The U.S. Indices have not given a confirmed sell signal on my volatility charts. They presently all show an over bought grind. Spu’s…2010 is where the mvg … Continue reading
Stocks… Nasd100/30 Yr. Bonds…put in an ORL day while the Nasd 100 Futures bounced off it’s reversal low of 4383.75 late yesterday only to fail overnight. Today’s daily targets are 4350 followed by 4324. The weekly spread is attempting to … Continue reading
AUD/USD…75.40 (75.10 ish +- a couple in the Futures) is this qtr’s macro level. Good above/Negative below We’ve already seen a couple off big equidistant swings off this level. The pattern, if completed, is bearish Aussie. This could take into … Continue reading
Stocks… Spu’s…need sustained price action and a close below 2031 to weaken. Bonds.. 30 Yr….163.02-04 is resistance today. FX… GBP/USD…Sterling continues to be the weak currency on the crosses. Commodities… Soybeans…is looking up. It’s been holding retrace support above 8.88. … Continue reading