Tag Archives: Crude Oil
A.M. Look 2/24/16
Stocks… Spu’s….near term sell stops are below 1898.50. There was one short covering rally into London’s close. DAX…looks set to retest 9067. Bonds.. 30 yr….168.11 is the high close for this swing. FX… AUD/USD…71.62 is near support and … Continue reading
A.M. Look 2/22/16
Stocks… Spu’s….1942.50 is the 50 DMA resistance. Near term support will be at Thursday night’s high of 1922. Midcap…61.59 is the 50 DMA. Both the Midcap & Russell have similar patterns. Bonds.. 30 yr….166.20 will be pivotal over the next … Continue reading
A.M. Look 2/18/16
Stocks… Spu’s….the pain trade for the shorts is on. I’m not picking a high. We’d need back under 1912 to weaken. This has been one of the biggest uninterrupted moves in a couple of years with no reversals for the … Continue reading
Midday Missive
Gold,Canada & Aussie were all big opening range trades. The last high in Canadian Futures was 73.31 2/4/16. CAD/JPY…is trading at it’s daily ORH#. Price action and a close over 83.80 will telegraph more risk on. Canada strength is coming … Continue reading
A.M. Look 2/16/16
Stocks… Nikkei… SHCOMP… Bonds.. 30 YR. …will take a close under 165.08 to weaken and signal more Risk On. TLT… FX… Yen… Yuan…6.45 is the level to monitor for long term trend. Commodities… Gold…1194 is trend support and … Continue reading
A.M. Look 2/12/16
Stocks… Spu’s….watch the Oil as more short covering and bottom fishing in the Energies will be the fuel for a short covering rally. Nasd 100…4018 was last Friday’s close and will be pivotal all day. Bonds.. 30 YR. …166.27 … Continue reading
A.M. Look 2/10/16
Stocks… Spu’s….watch for price rejection closer to 1880. Deutche Bank…is presently trading @ 16.85. This needs to maintain above 16.10 for further short covering. Bonds.. 30 YR. …short term sell stops are @ 165.08. Daily trend is 163.19. TLT…129.00-128.76 is … Continue reading
A.M. Look 2/4/16
Stocks… AMZN…closed below it’s 200 DMA for the first time since Dec 2014. GOOGL…a good close below 735 is needed for another big sell off XLI…as long as this sector holds a sell off into the low 49’s and does … Continue reading
Energy…XLI
XLE…is putting in an ORH day OIL…is putting in an ORH day These are price positive formations XLI…Industrial s is doing the same
A.M. Look 2/3/16
Stocks… Spu’s…1909.50-1913.50 remains a pivotal level. Bonds.. 30 yr….The low risk daily buy level is 161.02. FX… GBP/USD…145.40 is the plaza accord Fib that has been pivotal for years, above look for 146.50-60. Yen Futures…84.20 is fib resistance. CAD/JPY…held daily … Continue reading