EUR/JPY…is in major profit taking mode after USD/JPY printed the 94.16 tgt. 122.35 ish then 120.65 are the significant Fibs coming back on the year, with 120.65 the low risk buy zone. Yen Futures…108.60-70 is mvg avg resistance. A close … Continue reading
Oil…buy stops are 98.25. With inventories today you could see these elected. Look for this to move in 80 cent increments. 30 yr….are at the lower end of the recent trading range with the daily ranges close to a point. … Continue reading
USD/JPY…point & Figure shows a double top ( Bottom in Futures) @ 94.40. Our downside tgt of 106.20 futures/ 94.16 USD/JPY has been reached. 105.32 Futures is the next level of interest. EUR/AUD…as long as this remains over 130.40 this … Continue reading
We’re Buying the April 12/13 “Call “spread ! 12.00 BAC\13D20\12.0 0.54 0.04 0.54 0.55 993 93,442 13.00 BAC\13D20\13.0 0.21 0.01 0.21 0.22 665 43,702 This means we’re buying the 12 calls @ app 54 and Selling the 13 calls @ … Continue reading
BAC…as long as this remains over 11.70 this remains positive with a first tgt 13.50 NWBI…sustaining and closing over 12.30 could get the Lemming Horde to get interested. F…Ford put in a good low last week. As long as this … Continue reading
Financials (BKX) are attempting an ORL day as is GS,JPM,BAC, & C So is OXY in the Oil patch. Pay attention to your holdings! It should be a volatile last 30 minutes.
6 dollars becomes a very critical level for BAC. Price action below 6, you’ll hear a loud flushing noise. Keep it on your alerts… Closing below this level, it can get really ugly very fast.
I am going to place an order to buy some BAC ” Bank Of America” @ $2.60. I’m fishing for a double bottom off the 2009 low. Don’t bet the farm but it’s worth a shot. If you aren’t equipped … Continue reading
We’re looking for a 13.50 print here. 13.14 would be a lower risk level to buy at. Watch for overall sector tone.
Bac has a tgt of 14.70 with the timing component topping by the end of the week. Take the remainder of your BAC off the table against this level. Sell the remaining piece at the market.