Friday being Qtr’s end, the one thing we aren’t looking to do is fight the capital flows, which are still up in the Equity indices and down in the Bond Futures. It would seem logical to see this flow continue … Continue reading
116.55 is May 2011 high in Cat. It lost almost 50% of it’s value from that High. This is a big upside closing pivot level. Sustained price action above this level leaves little room for the Plungers ( Short Index … Continue reading
This is a mixed bag…BHP & FCX look good, however NEM & SLW can’t get going with the Gold sell off. Since NEM & SLW are close to our entry points, we will sell these longs by the close today. … Continue reading
92.10- 93.15 is the zone that will be tough for any new longs. Only a close over 93.35 will lead to new upside momentum.
The CAT high matched the first interim high in the Equity indices today. Now IBM needs to hold in here. All new strength is needed over 190.50 for the Equity indices to remain buoyant, and start a leg up. If … Continue reading
97.95 is a level that should be monitored for general market tone today. This area shows a “daily” double top from the end of Oct. as well as matching up with the 200 day Mvg Avg.
I’ve been flipping through the chart patterns of many well known names. CAT,OXY,FCX,BHP,DIG,DE to name a few. For the most part all these patterns are very similar to the S&P 500 Futures. The Spu has gotten the stops over yesterday’s … Continue reading
Investors who wish to be involved with individual instruments should consider IBM,MMM,Cat,OXY,XOM,JNJ to name a few. The Grain names have already bottomed. The trade location is not good in this sector, however a close over 68.30 in MON ( 200 … Continue reading
SPU…1178-86 is the key resistance level. Only a close over 1187 will have me thinking the worst is over. Many instruments completed multi-year swings or came close Monday night into Tuesday. OIL, CAT are stand outs. AAPL..old resistance become support … Continue reading