Daily Market Intelligence 6-7-16
The Equity indices are grinding higher with the Equity/Bond spread running out of downside momentum. The Spu’s can grind up and run the short term pattern buy stops above 2105. I have no interest in shorting indices unless its at … Continue reading
Daily Market Intelligence 5-31-16
Stocks… Spu’s…1962-68 is the buy zone. This is a cover zone for shorts, for longs it’s a low risk buy zone @ the 200 DMA. Nasd 100…sustained price action under 4100 is bearish. 4177 is today’s short term resistance. 3942 … Continue reading
Stocks… Spu’s…1934 starts resistance with price action needed over 1937.50 for a run to 1952. Nasd 100…looks better than the broader market. 3910-15 is resistance and the closing upside pivot. AAPL…Friday’s low was a retest of the earnings report low … Continue reading
AAPL…96 is resistance NFLX…445 is resistance and the upside closing pivot. LCQ…Cattle is attempting an ORL day. 155.75 is mvg avg support. Weekly sell stops are @ 155.30 tgting 153.40. In short, the Spu/Bond Spread has yet to bottom. I’m … Continue reading
Stocks… Spu’s & Nasd 100…are doing an end of qtr dance. VIX…is neutral on my work. Bonds 30 Yr. Bonds…136.12-14 was resistance and is now support. Macro pattern buy stops are 137.02. Bund…146.81 was last months close in the Bund. … Continue reading
Stocks… IWM…Russell @ 117.50 has a potential weekly double top. There will be resting buy stops above this level. Bonds 30 Yr. Bonds (M)…137.02-04 is near resistance and the upside pivot. FX… Euro…is trading oversold, which means it’s a sell … Continue reading
Stocks… Nikkei…14,780 is 200 DMA resistance. Bonds 30 yr. Bonds…I’m looking for a 139.28 print after which it will be no longer profitable from a risk/reward point of view to “buy before you sell” 140.15 is the target for this … Continue reading
Stocks… Nasd 100…we’re back to the March levels in Nasd. 3700 is resistance and the closing upside pivot. Price action today under 3675.75 will lead to profit taking by weak longs. Nikkei… is testing it’s 200 DMA (14,750). This is … Continue reading