Tag Archives: BKX
Midday Missive
MVV…Midcap is the value trade. Buy stops are over Friday’s high of 121.25. Investors are rotating into the Midcaps for value opportunities. Capital flow 101…You had the expected income averaging from the Mutual Funds after today’s opening which lasted app … Continue reading
Late day
The melt up in equities continues. I don’t wish to spectate and be totally out of the market. DXJ…we’ll be using a 49 stop close. FXI…the stop is 39. The stops are farther away than I usually like. The game … Continue reading
Midday Missive… W/Trade Alert SSO
The high frequency boys had the data a full minute before the rest of the world. So what else is new? A trad able low seems to have been put in the Equity Indices. Spu’s… sustaining and closing above 1748-50 … Continue reading
A.M. Look 10/11/13
Stocks.. Spu’s…1676 becomes near support. Only price action under 1671 changes the pattern. Maintaining and closing over 1687 will lead to a test of 1705.1692.25 is the weekly ORH # Nasd 100…3251.25 is the weekly ORH# Nikkei…closing and maintaining over … Continue reading
SSO…Trade Alert!
SSO…double long S&P 500 is a cheap look for a Long Equities. The stop is 72 close. This has room to move 6-7 dollars to the upside so the risk/reward is worth the try. The usual suspects IBB,LNG,BKX,NFLX,GOOG, & KKR…all … Continue reading
Midday Missive
Nasd 100…closing over 2772 will negate Friday’s bearish pattern. Oil…will be the next to catch a bid. Time to start a long position!! Futures Traders…the risk is under today’s low. IYT…The transports have wood. BKX…gives an upside breakout on a … Continue reading
ORL #’s
GS…149.17 Spu’s…1500.30 NFLX…174.55 BKX…5451 Here are a few to keep your eye on. These are closing levels and stops will be run under the levels. Recovery over the # sets after the stops have been elected is critical to ascertain … Continue reading
Matching up the next possible low
Goog…678-81 is the next support. Then look for it to travel in $10 increments. AAPL…563 +- a couple is the next level. BKX…it’s presently sitting on a 50% fib for this last swing ( 47.80 ish), which is a must … Continue reading
Pattern Alerts!
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.
JPMorgan_Chase_&_Co_Weekly.gif & Grains
We like the BKX as well as the low today in JPM.. They both have similar patterns. This is a trad able low with a potential weekly double bottom. The stop is 40.55 for those adding risk. Grains… You should … Continue reading