Stocks… Spu/Bonds…rallied all the way back to test the April 4 breakdown level almost to the tick, making today’s ECB and tomorrow’s employment data all the more interesting. This is the level that the Spu’s corrected 80 points and the … Continue reading
Stocks… Spu’s…sustained price action under 1882 is needed for a further sell off. Nasd 100…still needs under 3575 to do any pattern damage. DAX…9600 is today’s support. FTSE…6995 is the 1999 high with resting buy stops above. This is the … Continue reading
Stocks… Spu’s…1894 is resistance. Nasd 100…gains upside momentum over 3593 close. Midcap 400.. the 50 DMA capped it’s rally yesterday, this index will gain upside momentum closing over yesterday’s high. MVV…65 is the 50 DMA. The upside closing momentum # … Continue reading
SCHW…is attempting an ORL day by staying under 26.73. By not holding 26.49, mvg avg support, look for the up move to be over. PCLN…1109-10 is the 200 DMA support. KBE…is trading @ it’s 200 mvg avg @ 31.96. Price … Continue reading
Stocks… AAPL…575.13 was last years high. There should be resting buy stops above this level. Bonds 30 yr. Bonds… have a double top on the point & Figure charts from Friday. 134.12 is first support. A close below 133.15 is … Continue reading
Stocks… AAPL….resting buy stops are 575 tgting 584. 532 is support and the low risk buy zone.Those that bought lotto tickets yesterday should take the bulk of the money on the opening. FB…65 is mvg avg resistance.Those that bought lotto … Continue reading
Stocks… AAPL,FB Delta report today. GILD…is up a couple of bucks in pre-market. Investors who are long this name should pay for their trades. GDXJ…36.35-50 is resistance and the upside closing pivot. Bonds 30 yr…the current range is 133.18-134.10. Sustained … Continue reading
Stocks… Nasd 100…3570-78 is the resistance area for this swing. AAPL…as long as 530 holds I’m friendly. 538-539 is first resistance.Earnings are tomorrow and Apple has had a nasty habit of being down after earnings. Weekly options are the way … Continue reading
Nasd 100..should have a bounce off the 200 day @ 3365 ish. Shorts should be out of the bulk of their position @ this level. This is the spot to be taking off (locking in profits) on 75% of your … Continue reading
The rallies are failing in the U.S. Indices, while the breaks have been holding everywhere else. Bounces have come off the identified oversold areas in the Momentum names. Support & resistance in the U.S. Equity Indices have remained almost 100% … Continue reading