We will be going home long these with stops around today’s low. ETF traders can use the SSO or the QQQ We will also be long AAPL using a 5 dollar stop.
It’s full risk on today. We are looking to see how the first big break holds off these areas to go long the stock indices. The indices have had very big rallies since Sunday Nights lows. We are not chasing … Continue reading
Yesterday saw the shorts get trapped in the Oil patch, today it was the Miners and AAPL leading the charge from a very oversold condition. Food for thought: was yesterday’s low in AAPL ( 310.50) @ Dr. Nenner’s # of … Continue reading
Since everyone is fixated on it…310 is Dr. Nenner’s model Hold #…FYI..I am a big fan of these levels based off his technical model.. This is a closing #….The next significant level below comes in App 295-300. Watch for tone….this … Continue reading
329.42….continued price action under this level is very negative the NASD. This is a monthly #…. Watch for Market Tone
The Nasd will have a total breakdown with a Futures close below 2266. AAPL… 322- 324.80 will be another good market tell. This represents the last of the monthly support and the 200 day mvg avg. Only sustained price action … Continue reading
Sell some Euro & Aussie @ the market. The closing stops are close so it’s a low risk look. Start small..today’s highs came within 20 points or so of resistance in both currencies. AAPL acts abominable! A close below 337.90 … Continue reading
Let’s start where we left off.. April 15, 2011 9:46:16 AM CDT DIG…The real stop for this Etf is 55.40, however those that do not wish to risk that much can use 56.20 close. You should take 2/3 rds of … Continue reading
A close today above 2350 NDM ( June nasd) or 57.50 QQQ will be a go long signal on Dr. Nenner’s work. This is a signal we will take and buy the QQQ and AAPL as well. The precious metals … Continue reading