Stocks… Nasd 100…I’m looking for an eventual 4400. Spu’s..2060 is the next level technicians are targeting. Bonds … 30 Yr. Futures… 142.10 is weekly resistance and the closing upside pivot. FX… AUD/USD… 87.35-50 is closing resistance that has to be … Continue reading
Stocks… Welcome to the mid-week shuffle. There is no change to the technical levels in the major indices. Many individual instruments are trading overbought. Nasd 100…4138 is the first support. Spu’s…2013-14 is descent support today. You still need a close … Continue reading
We were stopped out of the remaining short Euro position @ 124.96. AUD/USD…is attempting an ORH day. Euro…a close over 125.10 cash was needed for that pattern. OIL…has had a nasty habit of putting in big rallies going into Brent … Continue reading
We were stopped out of the remaining short Euro position @ 124.96. AUD/USD…is attempting an ORH day. Euro…a close over 125.10 cash was needed for that pattern. OIL…has had a nasty habit of putting in big rallies going into Brent … Continue reading
Stocks… Spu’s…need a close under 2020 to see profit taking hit the Equity Indices in the U.S. Nasd 100…keeps putting in higher daily lows, a bullish formation.Only a close under 4142 could change the short term sentiment, although I doubt … Continue reading
Stocks… Spu’s…need a close under 2020 to see profit taking hit the Equity Indices in the U.S. Nikkei…needs to hold above 16,700 to not go into profit taking mode. Profit taking mode would give a bid to the Yen. DAX…91.83 … Continue reading
Stocks… Spu’s… could go as low as 2009-12 without doing any pattern damage on a disappointing payrolls #. DAX…9310 is today’s 50 DMA XLY…Consumer Discretionary will get up and go over 68.10. Both XLE & DIG look good to me … Continue reading
Stocks… DAX…91.60 is this weeks support and the downside closing momentum level. Sustained price action and a close above 93.65 should be considered an upside break out. Spu’s… have a potential double top @ 2020. 1993 is today’s low risk … Continue reading
Stocks… DAX…91.60 is this weeks support and the downside closing momentum level. Sustained price action and a close above 93.65 should be considered an upside break out. Nasd 100… 4100-20 is support and the closing downside pivot zone.. Nikkei…could retrace … Continue reading
SPU’s …need back over 1974-6 for price recovery today. 30 Yr. Bonds… went into support. So far both the Nasd 100 & S&P 500 did not get low enough for longer term pattern damage. The last 30 minutes of trading … Continue reading