Stocks… Spu’s…got to resistance @ 1956 with a good reaction off the level. Point & Figure chart shows Bears need to see sustained price action under 1928-30 for lower. Nasd 100…shows small support @ 3962 with sell stops @ 1339.50. … Continue reading
Stocks… Equity Indices have exceeded all my # sets for this rally. They’ve all come too far not to have some profit taking or back and fill. SHCOMP…is attempting an ORL day, however it’s sitting right on 200 WMA support … Continue reading
Stocks… Spu’s…1904 the 200DMA was good for a 20 point move off the China PMI data last night. I’m looking for the Indices to rally into tomorrow. Technicians are watching the downtrend line that comes in @ app 1930 to … Continue reading
Stocks… Spu’s….1810 is support and closing below 1800 leaves way for a test of 1725-30. Nasd 100…3700 is support and the closing downside pivot for another 150-200 points. Minimally, this has to gain traction back over the 200 DMA @ … Continue reading
Stocks… Spu’s….1846 is unchanged on the year with macro sell stops below. Spu’s need sustained price action over yesterday’s high of 1892 to turn the longer term point & figure chart back up. Nasd 100…3768-58 is the 200 DMA depending … Continue reading
I’ve been harping for the past 5 weeks that the 30 yr. wouldn’t top until the Bund hit 151.00. Well we got it this A.M. so I started a small short. It was a great opening range trade. Since I … Continue reading
Stocks… Spu’s….1903 is the 200 DMA, this will be pivotal all week. 1810 is possible with with early failure to hold. Nasd 100…3760 & 3700 are the two support levels ( bounce levels) Dax…8600 is the next targeted bounce level. … Continue reading
Stocks… SPU’s …need sustained price action back under 1928 to weaken. Everyone is looking at 1954 ish for resistance, however the Point & figure has room for a move as high as 1967, which would definitely screw the most amount … Continue reading
Stocks… Nasd 100…4016 is resistance. 3948 is weekly support. FB…could go as low as 75.40 and snap back, however a close tomorrow under 75.95 will have this name heading south for as much as a 10% correction. VIX…17.50 is weekly … Continue reading
Stocks… IWM…put in an ORL month. Russell continues to be the dog with fleas. 107.44 is the next set of macro sell stops. If these get elected look for another 8% down. SPU’s…sustained price action and a close under 1954 … Continue reading