Stocks… Nasd 100…4653.50 is unchanged on the week. This will act as resistance today. Bonds … FX… AUD/USD…71.61 is the Fib retracement for the past 15 years. It’s a significant level given the oversold nature of the shorter time frame … Continue reading
Stocks… Spu’s…2083.25 is resistance and the weekly ORH#. Nasd 100…4451.50 is the weekly ORH #. DAX…11,250 is resistance. 10 ,615 is 200 DMA support. Bonds … 30 Yr. Bond…153.11 is today’s mvg avg resistance. FX… GBP/USD…154.50.00 is the 200 DMA … Continue reading
Stocks… Spu’s…(U) 2126 will act as resistance and the upside pivot. 2090 is support. I would not be looking for more weakness unless we closed under this level. Dax…11,250 is the low risk buy level. This is the spot to … Continue reading
Stocks… Spu’s…(U) 2126 will act as resistance and the upside pivot. Euro Stoxx & Dax both put in ORH days and are following through to the upside. European Index Futures and options expire today. FTSE…is trading oversold. 67.20 is the … Continue reading
Stocks… GLNG…51 is the near term resistance and the upside momentum #. The pattern remains positive as long as this maintains closes above 49. Bonds … 30 Yr. Bond…(M) June needs to press and sustain above 153.05 resistance for higher. … Continue reading
Stocks… Nasd 100… price action over 4450 is needed for a rip back into the higher end of the range toward 4484. DAX…10.858 is the first 1/3 retrace from the Oct. 2014 Low. Bonds … 30 Yr.…(U) 148.25 is … Continue reading
USD/JPY…macro stops are being elected with a potential ORL in play. 80.74 in JYAM is the level to watch. AUD/USD…77.65 is resistance and the upside momentum # Spu’s have held the 50 DMA on today’s low. FCX & BHP are … Continue reading
Stocks… Spu’s…2110-12 has to hold to avoid profit taking. DAX…11,860 is resistance and the upside pivot. 11,500 is support, below there is room for a deeper correction. SHCOMP…broke to test it’s 21 DMA before recovery last night @ 4466. This … Continue reading
Stocks… DAX…11,860 is resistance and the upside pivot. SHCOMP…put in an ORL last night down 6.5%. This is a big topping pattern right into 4617 first support. Bonds … 10 Yr. Bonds…127.10 is the 200 DMA. This is support and … Continue reading
Stocks… Equity Indices are tired and in need of a break. Individual names will continue to out preform. Spu’s…resting near term sell stops remain below 2112. GS…215 is where the qtrly congestion lies. This is a name for your buy … Continue reading