AAPL…I bought a little at the 200 DMA on today’s opening with a stop at a new low on the day. AGU… is breaking out to the upside. The next target is close to 102.50. FANG is doing one thing … Continue reading
AAPL…@ 121.88 is trading @ it’s 200 DMA. MSFT…is not breaking. 30 Yr. Bonds…155.15 is the ADC 200 DMA. Further weakness under 155.10 is needed for further Dollar buying. The Bonds will drive the banks and the dollar. MON,MOS & … Continue reading
XLV…a close over 59.25 is needed to resume the uptrend IBB…today’s low of 258.78 is now important support to manage risk. Price action over 267 is needed for a continuation of trend. Ag names are on fire with the rally … Continue reading
Stocks to watch.. WPRT…21.10 is a low risk buy zone with a 40 cent stop. EA…a Friday close over 23.27 puts in an ORH week. MSFT…short term sell stops are resting under 35.50-25. If elected, this would take you into … Continue reading
JJG…as long as this maintains above 51.40 this formation is positive. A close over 53 will lead to a rally towards 54.40. CORN (FUND)…this is a weekly trend line break out above 41.70 going back to last August. CN…(July Corn … Continue reading
I like the ORH follow through to the upside on the daily chart. The short term stop is today’s low. the Upside potential is for another 2-3 dollars. Buy on intra-day weakness against today’s low.
HAL…a close over 30.89 puts in an ORH Day AGU…a close over 98.56 puts in an ORH Day A confirmation of these patterns should potentially leave room for a 3-5% upside.
Stock Indices…are the tail end of the dog. The trade is terrible with the same grinding action. We have a weekly swan dive that is short lived. The opportunity is in the underlying instruments. Seemingly, everyday the dance partners change … Continue reading
LTRO was a big yawn… The commodity currencies are leading the crosses this A.M. USD/CAD…a close under 99.06 USD/CAD is needed for an ORL week. ( over 100.90 H Futures). 99.29 USD/CAD ( 100.69 H Futures) is where the 50 … Continue reading
We have many similar chart patterns forming. Here are some names that are looking good to us. Those wishing to increase Risk can review some of these names w/the commensurate stops. FFIV …Five networks with a stop against today’s low SMH….Semiconductor Etf..stop … Continue reading