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… Nasd 100…4390 is closing resistance. Spu’s… We’ll need to see sustained price action and a close over 2012 to grind higher. Daily resistance will come in around 2002-3. Selling weakness starting @ 1188 down to 1978 will be problematic. … Continue reading
Booze was traded for energy going into the Oil storage #’s. Industrials, Banks & Auto makers are being picked up. Pretty much any instrument deemed cheap. UNH & HD have more upside. Longs should not give back more than today’s … Continue reading
Nothing would surprise me the rest of the day in the Indices. QQQ…need a close under 103.40 to extend lower. AUD/USD…is attempting a bottoming pattern if it can close over the IMM opening range @ 70.70. It will be pivotal … Continue reading
Stocks… Equity Indices…the volatility chart gave a sell signal yesterday.Investors should be in no hurry to purchase equities until such time as I get a bottoming indication and a confirmed buy signal again. FB…has to hold 92.20 on a closing … Continue reading
Stocks… Spu’s…2060 is the 200 DMA. Looks like we’re in for another test of this level. Nasd 100..4509 is fib support with 4500 being today’s 50 DMA. This is a cover zone the first time down. You’d expect a bounce … Continue reading
https://www.youtube.com/watch?v=Gd8csUU3SVg
Stocks… DAX…11380 is resistance.Nikkei…(M)June Futures are rallying into today’s expiration trading close the this years high. Bonds … 30 Yr.…(U) 147.11 is mvg avg & Fib swing support. Bonds are getting into oversold territory. Given it’s mid-week, be mindful of … Continue reading
Stocks… Spu’s…have to sustain over 2015 for higher. The low 2090’s is near term support the first time down.DAX…11,380 is the weekly closing hold level. Bonds … TBT…48.16 is support and the downside pivot. FX… EURO…110 will be pivotal all … Continue reading
Stocks… Spu’s…have to sustain over 2015 for higher. The low 2090’s is near term support the first time down.DAX…11,380 is the weekly closing hold level. Bonds … Bunds…(M) 153.95 is support and the closing downside pivot for more weakness. French … Continue reading