Stocks… Spu’s…1909.50-1913.50 remains a pivotal level. Bouncing on hard breaks into the level. It will take closing below this level for further downside. Googl….hit it’s first fib extension after the close and has since backed off below the old all … Continue reading
Stocks… Spu’s…it’s all about the close today and price action Sunday night into Monday. We keep rallying to unchanged on the week and failing. The Dow and Spu’s both need to hold the breaks today and start higher into Feb. … Continue reading
Stocks… Spu’s…near term sell stops are under yesterday’s last night’s low of 1928.50. Nasd 100…4265-75 is the next oversold bounce level. XLE…54.26 is the 2011 low. Ultimate fib support is closer to 50. XOM…the pattern is hardly an advertisement to … Continue reading
Stocks… CMG…this is where the day traders are playing. 516 83 will be pivotal. Anything into 500 can trap shorts. GOOGL…weakens below 760. AMZN…weakens below 660. Spu’s…weaken under 2064. Nikkei…breaks down under 19,380. December Futures expire Thursday. Bonds… Bund…the Dec … Continue reading
Stocks… Spu’s…will need under 2076 for downside. The upside remains the same. DAX…held it’s 200 DMA on yesterday’s low. Bonds… FX… Euro…106.20 is resistance. Above, there is not much until 107. With a positive take on easing Euro could … Continue reading
Stocks… Spu’s…the levels haven’t changed all year. Buy stops are over the Nov. high of 2110.25. 2123 is closing resistance and the upside pivot. Buy breaks in the Spu’s to 2080 with a couple of handle stop. MSFT… has been … Continue reading
Stocks… The Indices should remain a range bound affair until Thursday. Buy breaks in the Spu’s to 2080 with a couple of handle stop. Bonds… 30 Yr….is caught between 155.24 resistance and 154.00 closing support. I’d be patient for new … Continue reading
Stocks… Spu’s…sustained price action under 2081 is still needed to budge the Bulls. Nasd 100…4659-65 is short term support and the downside pivot. DXJ…55.12 is the closing hurdle for upside follow through. WTW…the fat lady is singing. A pull back … Continue reading
Stocks… Spu’s…1964.50 was Sunday’s opening range with small buy stops above. Sustaining and closing above should solidify this low. This is an exit zone the first time up for Futures traders. Bears will give it one more go @ 1978. … Continue reading