Tag Archives: Brent
A.M. Look 5/21/14
Stocks… Nasd 100…Point & Figure break out is above 3625. Sustaining above leads to an upside breakout. Bonds 30 yr. Bonds… 136.27 should be monitored for tone on the SPU/BOND spread. FX… EUR/JPY…138.06 is 200 DMA support and is over … Continue reading
A.M. Look 5/20/14
Stocks… Nasd 100…Point & Figure break out is above 3625. Sustaining above 3625 could get you another 50 points. IWM…is at a major inflection level after a 2 day rally into major mvg avg resistance. A close over 111.25 is … Continue reading
A.M. Look 5/9/14
Stocks… QID…price action and a close over 60.20 is needed for a up. Nasd 100…will need to sustain under 3525 and close below 3505 to show it can break down for another test of the 200 DMA @ 3430. Bonds … Continue reading
A.M. look 5/7/14
Stocks… TWTR…I have 2 downside targets, 31 and 15. 31 +- a touch needs to hold today going into early tomorrow for a short term hold. A 10% bounce is as much as I’d initially look for off the 31 … Continue reading
A.M. Look 5/6/14
Stocks… Spu’s…1894 is resistance. QQQ…the upside breakout is a close over 88.30. Yesterday’s low is your risk to be long (86.50 Close). PCLN…maintaining and closing over 1196 should see this rally to 1248. UNH…United health care is another beaten up … Continue reading
Midday Missive
Oil…sustained price action and a close under 99.21 will lead to a first test of 98.25. Brent…could get as low as 106.40 before bouncing. This is an exirt zone for directional players the first time down. Buy before you sell … Continue reading
A.M. Look 5/5/14
Stocks… Spu’s…1894 is resistance. Nasd 100…gains upside momentum over 3593 close. DAX…put in a ORL day Friday and is following through to the downside. 9426 is mvg avg support. This is just one more tired Index that keeps failing at … Continue reading
A.M. Look 4/30/14
Stocks… Spu’s… closing over 1874 will run out the short sellers. 1864 was the qtrly close. Since it’s month end this will become a big pivot late in the day. Good above/Negative below. Late price action below 1860 (last weeks … Continue reading
A.M. Look 4/21/14
Stocks… NFLX…A close above 353 is needed for more upside. JPM…55.55 is resistance and the upside pivot. Watch for market tone in the financials. It’s short-term oversold. Midcap 400 ( MVV)….are into resistance. Bonds 30 yr….133.16-18 will be pivotal. TBT…66.24 … Continue reading