Tag Archives: Copper
Midday Missive
IBB…356 is mvg avg support. A close below this level is needed for more downside. Copper…put in an ORH week. 2.95 is resistance and the qtrly pivot level for the past few years. GDXJ…the Junior miners look like they can … Continue reading
A.M. Look 1/15/15
Stocks… Spu’s & Nasd 100…trade the early NY price action paying close attention to yesterday’s lows. Line…needs sustained price action and a close over 11.00 for higher. BPT…has been behaving much better than Line with an ORH day. 74.85 is … Continue reading
A.M. Look 1/13/15
Stocks… GDXJ…above 29 this has room to 30.40. 34.64 is today’s 200 DMA. Spu’s… The point & figure charts show new strength over 2050 resistance is needed for upside. Bonds … FX… Commodities… Gold…is knocking on the door again @ … Continue reading
A.M. Look 1/5/15
Stocks… SHCOMP…is the best preforming equity market. Look for a retest of 34800-35600. It’s very overbought. Line…needs to hold above 12 to test the high 14’s again. Follow the Natgas. Bonds … 30 yr. Bonds… there is a possible … Continue reading
A.M. Look 12/29/14
Stocks… Spu’s…as long as 2060 holds on breaks downside is limited. Nasd 100…4258 is support and the downside pivot. Bonds … 30 yr. Bonds.. 142.27 is support FX… EURO….123.75 is the low risk sell zone. AUD/USD…81.65 is … Continue reading
A.M. Look 12/16/14
Stocks… Spu’s…(H) needs to sustain above 1992 for a short covering rally.(Z) Dec. level is 2000, they’re respective 50 DMA’s. 1995 is the Monthly ORL # which either month must maintain above to avoid a slide to 1945. NASD 100…50 … Continue reading
A.M. Look 12/1/14
Stocks… Spu’s…could go as low as 2046 and hold up. Midcap…14,300-14,320 is support and the closing downside pivot. DAX…10,000-10,050 is the resistance zone and the closing upside pivot. Airlines…Follow the oil. The Airline stocks have come a long way and … Continue reading
A.M. Look 10/17/14
Stocks… NASD 100…there is room up to 3850 to rally as long as it holds a retest back to the 200 DMA @ 3770 Spu’s…resistance 1891, 1904,1917. These were the support levels coming down which are now resistance. Last … Continue reading
A.M. Look 7/1/14
Stocks… GS…resting sell stops are @ 166.35. 166.65-78 is 200 DMA & trend support. Nikkei… is attempting to break out on the qtrly charts to the upside. A close over 15,500 is needed for more upside. The low of the … Continue reading
A.M. Look 6/24/14
Stocks… AUQ…Aurico Gold is attempting an ORH month with a close over 4.35. As long as this holds breaks around $3.90-4 this has potential to make a run toward 6 on the longer time frames. ABX…18.13 is the 200 DMA … Continue reading