Tag Archives: Crude Oil
A.M. look 9/2/14
Stocks… DXJ…gains upside momentum over 50.10. XLE…the energy SPDR is looking good. This has room to run to close to 100. Bonds … 30 yr. Bonds…140.21 is first support. The point & figure chart has room for a move to … Continue reading
A.M. Look 9/26/14
Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 fills my downside objective for this move. 1973-4 is mvg avg resistance. … Continue reading
A.M. Look 8/29/14
Stocks… SMH…put in an ORH day. Look for some upside follow through. A close today over 51.17 will put in an ORH Month WDAY…looks like it’s going to try to put in an ORL week, however 85.20-84.77 is major support … Continue reading
A.M. Look 8/28/14
Stocks… Spu’s and Nasd 100 are overbought. The patterns are sideways to lower for a bit to relieve the RSI’s. Be patient today into tomorrow to see if investors want to cash out after this big run up into the … Continue reading
A.M. Look 8/27/14
Stocks… Targets remain the same. DAX…94.77-95.15 is weekly resistance and the closing upside pivot. Now that we’ve broken above this zone I’m looking to buy a 100 point pull back HEDJ…56.60 is the buy zone for this ETF. Buy breaks … Continue reading
A.M. Look 8/25/14
Stocks… Targets remain the same. DAX…94.77-95.15 is weekly resistance and the closing upside pivot. Bonds … 30 yr. Bonds…140.29 is the top of value and short term resistance on the point & figure charts. Once above, look for 142.00 FX… … Continue reading
A.M. Look 8/22/14
Stocks… Spu’s….2000 is a natural big level # where it would be imprudent to over trade. It is more a psychological level than a technical boundary. Depending upon where you like to take your swing counts from the 2020’s is … Continue reading
A.M. Look 8/21/14
Stocks… DAX…today’s resistance is 9378. Sustained action above should lead to a test of the 200 DMA @ 9500. DXJ…put in an ORH day on Abe new stimulus plan. 50.35-66 is short term resistance. Closing over this level tomorrow starts … Continue reading
A.M. Look 8/20/14
Stocks… VIX…12.66 is the 50 DMA resistance and the short term upside pivot. 13.62 is the 200 DMA. Nasd 100…4080 is the first exit level for this swing. 4160 matching the 2000 semi annual high is the second tgt. … Continue reading
A.M. Look 8/19/14
Stocks… IWM…115.11 is resistance and the upside closing pivot. XOM…98.11 is the 200 DMA. EXXON has been going sideways and holding it’s 200 DMA while the Crude and Brent have been imploding for the past 12 trading days. Of the … Continue reading