The Italian Bonds (FBTPH4) are attempting an ORL day. All world Bond Futures are under pressure….Gilts, Bund, & U.S. Treasuries. VIX…14 is big closing support. price action back above 14.70 should be monitored in light of the Nasd 100 Pit … Continue reading
Stocks.. Dax…9300 is first resistance. Bonds… Bund…have rallied a long way. 143.40 is first support and the short term downside pivot. 30 yr. Bonds…133.18 is resistance. Look for more weakness under 132.27. This could easily give you another point. FX… … Continue reading
Stocks… Spu’s…1800 is the qtrly pivot. Short term traders should be using this level for market tone. This is where you look for market follow through to the upside. A lot of technicians were eyeballing the low 1770’s as support. … Continue reading
Stocks… Spu’s…closing 2 days higher on the year should set up another 40 point move to the upside. Bonds… Bunds…140.05 is resistance and the upside closing pivot. FX… USD/JPY…is currently caught in the middle. price action under 104.50 … Continue reading
Stocks.. IBM…put in an ORH month with a close over 186.25. Between 180-182 we’ll take a look at buying this. Spu’s…I’m a buyer @ 1810. Near term point & Figure support is 1834. Sustained price action above 1844 is … Continue reading
Stocks… Spu’s…resting sell stops are below 1760. CAT…has had a huge bounce from last Friday’s plunge to the 200 day mvg avg. This bounce looks completed. 94 is the short term tgt for this bounce. Bonds… 30 yr. Bonds…134.24 is … Continue reading
I will be out of office for the next couple of days for some scheduled body maintenance. I will not be writing, answering calls or returning e-mails until at least Thursday General Comments or Valuable Insight Many of the World … Continue reading
Stocks.. AAPL…582-584 should prove sticky the first time up. All the macro buy stops are just over 600. We will be selling 50% of our remaining position at this level!!! Bonds Bunds…held daily,weekly & monthly support yesterday on the … Continue reading
Stocks.. Spu’s…price action under 1782 initially tgt’s 1767-8. SSO…94.20-93.85 is support. A close under 93.40 is needed for a good sell off. Nasd 100…3370 is support. Maintaining under this levels leaves way for another 35 points. Sell stops are under … Continue reading
Stocks.. Vix..sustaining above yesterday’s high of 13.10 should have this taking another run at the 200 day @ 14.40. TBT…75.20 holds or it doesn’t. Closing below 74.80 will lead to a test of the low 71’s. Bonds 30 yr. Bonds…133.15 … Continue reading