AAPL…588.70 is the 200 day mvg avg. CAT…86.04 isĀ last months close and puts this instrument basically sideways for the past 5 months MMM…90.46 is the monthly ORL # IBM…193.25 is the monthly ORL #
Nasd 100…got to our tgt area which was close to the 200 day mvg avg. in the 2650’s, a level we have not seen since July when we were trading around 2515. Resting buy stops are over 2688. Oil…91.50 (Z) … Continue reading
Spu’s…1457.25 will be the focus level the rest of the week. This is the ORH weekly #. Maintaining above will entice all new buying. Rejecting the level will start the lemmings to run. 30 yr…146.12 is an important hold level. … Continue reading
These names are attempting to test their respective ORL #’s. 81.94 DE 84.43 CAT 84.20 OXY
Once again there is no trade in the Indices, It’s all in a name. These instruments are all attempting ORH weeks. Where is the money going?…It’s here. Keep these on your radar screen. … Continue reading
CAT…a close over 80.80 AAPL..closing back over 605-6 Would screw the most amount of people. Oil…price action over 86.40 would lend support to the indices. The end of the capital flow going into London’s close saw the reversal. Unlike yesterday … Continue reading
MMM…84.19 ( 200 day) 83.50 is monthly support GDX…looking for the stops to get elected under 39.08…then 38.24 CAT…75.80 is Fib support. 72 is the Monthly level. OXY…78.90…74.30 It’s a long day…markets should stay under pressure into London’s close. Time … Continue reading
Interesting Chart of the day CAT has gapped up into the 18 day mvg avg…which is resistance.. 88.55 will be a good directional short term pivot. Watch for general market tone.
Spu’s…1320 is the first 30% from last months high Nasd… 2560 is the same level. XLE.64.60-70 CAT…88.50 ECA…21.15-18…closing above tgt’s 21.90 MMM…84…then 84.50 IBM…by maintaining and closing over 192.90 the next tgt is 195.40 The rest of the day will … Continue reading
Crude Oil…all new price action over 91.70 is needed for higher. Gold…look for the mid to high 1570’s to be tough zone. GDX…as well as some names like NEM put in ORH days yesterday. As of now they look to … Continue reading