Stocks… VISA Mastercard Capitol One…needs to hold the 58 level. American Express…this could be the value trade vs. the other credit card issuers since it’s already had a big sell off on earnings into multi year fib support. Bonds… 30 … Continue reading
Stocks… Spu’s…below 1980, 1961-3 is the next extreme. It’s a cover zone that should bounce the first time down. AAPL…94.77 is semi-annual trend with macro stops below 92. @ 40% off last year’s high it’s a good place to look … Continue reading
Stocks… All the indices went green last night. Spu’s…(H) resistance starts at 2038 ( the major mvg averages) on up. COP,XOM & XLE…all show buy signals. BUD…shows a buy signal. Mvg avg support is 120.55-119.93 (your downside risk to own). … Continue reading
Stocks… Spu’s… 2049-46 is the key mvg avg convergence level where the 50 & 200 DMA meet. This is the closing area that will run the next swing. Above the Indices remain firm led by the momentum names. DD…Du Pont … Continue reading
Stocks… CMG…this is where the day traders are playing. 516 83 will be pivotal. Anything into 500 can trap shorts. GOOGL…weakens below 760. AMZN…weakens below 660. Spu’s…weaken under 2064. Nikkei…breaks down under 19,380. December Futures expire Thursday. Bonds… Bund…the Dec … Continue reading
Stocks… Nasd 100…resting sell stops are @ 4652 with a close below 4647 needed for downside to materialize. Spu’s… weaken below 2074. Bonds … 30 yr….failed shy of my sell level on Friday @ 155.10. 154.01 is mvg avg support. … Continue reading
Stocks… Spu’s…the P&F breakdown level is 2064. UNH…114 is near support. Resistance and the upside momentum level is 118.00. FB…yesterday’s low was important for FB could not fill it’s earnings gap @ 104. This shows strength with definable risk parameters … Continue reading
Stocks… AAPL…needs sustained price action and a close over 112.50 for an upside breakout. GILD…sustained price action and a close over 104.00 is needed for more upside. TWTR… remains positive as long as there is no close below 29.80 XLV…70.30 … Continue reading
Stocks… TWTR..sustaining over 31.50 leaves way for another 5 dollars. DIS…needs under 105.60 to weaken. Bonds … 30 Yr….157.25 is today’s mvg avg support. Bund…156.45 is today’s mvg avg support. FX… GBP/USD…is strong on the crosses. GBP/JPY is … Continue reading
Stocks… Spu’s…1990 is resistance. Do not fade above. RAX…another name that bottomed with the Indices. Price action and a close over 28.25 is needed for additional upside. Bonds … 30 Yr & Bund… formations seem friendly. It’s a Risk On/Risk … Continue reading