Spu’s…price action back above 1414 will trap the new shorts from yesterday. Nasd 100 is holding around it’s 200 day. This needs some price separation from this zone for new direction. Gold…has filled out it’s downside on the long term … Continue reading
Spu’s,Nasd,Russell,& Midcap…all put in ORH days. Resistance… Spu’s…1427-32 Nasd…2700-15 Russell…815-19 Gold, Silver, Platinum & Copper…Yesterdays lows were all good. They held their general support zones Oil…is still trading in a five dollar range and held the bottom of the range … Continue reading
Full Moon Trading with the mid-week shuffle XLF… (Financials) put in an ORL day. Follow through to the downside is needed below 15.60 to trust the pattern. KBE… (Banks) same as above. This needs sustained price action under 23 for … Continue reading
Risk On or Off For those of you that are tempted to buy AAPL on the first rally back to the 200 day mvg avg of 580, I’d look elsewhere. Buying big rallies or “selling” chasing weakness in this market … Continue reading
Spu’s…1410.50-1415 is the area Bulls need to see acceleration over for more upside. AAPL…574.50-580 is resistance. Closes over 582 are needed for more upside. Copper…351+- a point will be a key hold level. 30 yr. Bonds…151.06-15 is still pivotal. General … Continue reading
Oil…88.40-60 is where the acceleration took place yesterday and is now support. 90.45-85 is the next hurdle zone with Fib and mvg avg resistance. 30 yr…this is the key to today’s trade. By violating and remaining under 151, there is … Continue reading
Take 30% off.
USD/CAD…price action under 99.85 should help with a Risk On Board. ( App 100.10 Futures) OIL…86.65 will be a short term pivot. With a Risk on board, look for 88.60 and then 90. 30 Yr….150.15 should still be good hold … Continue reading
Spu’s…maintaining over 1358.20 ( the daily ORH) should initially lead to 1364-67. Nasd 100…needs a close over 2541 for an ORH AAPL…We’re Long the call spread. If you didn’t start…do some now.
GOOG… 633 ish +- 5 points needs to hold on a break. Most analysts will be watching 638-40 but I want some leeway. AAPL…495-505 is the area we’re going to BUY the Feb 550/575 call spread. We’re going out to … Continue reading