Tag Archives: Crude Oil
A.M. Look 1/19/16
Stocks…Spu’s …1910-13.25, 1928 and 1946.50 resistance with resting buy stops. These levels should be fairly static all week. Nasd 100…held qtrly support for now. Sustained Price action above 4141 will keep the Index firm for a retest of as high … Continue reading
A.M. Look 1/14/16
Stocks… Use yesterday’s ORL #’s for initial resistance. Only sustained price recovery over these levels will lead to a meaningful short covering rally. Nasd 100…4236.50QQQ…104.08Spu’s …1899 Bonds… 30 Yr. ..You’re going to get reactions off the Fib extensions as you … Continue reading
A.M. Look 1/14/16
Stocks… Use yesterday’s ORL #’s for initial resistance. Only sustained price recovery over these levels will lead to a meaningful short covering rally. Nasd 100…4236.50QQQ…104.08Spu’s …1899 Bonds… 30 Yr. ..You’re going to get reactions off the Fib extensions as you … Continue reading
A.M. Look 1/13/16
Stocks… Spu’s…the target for this rally is 1973. This is the exit zone. Spu’s are having an oversold bounce. Nasd 100..4400 +- a couple is resistance NOV… has one of the cleaner patterns in the Oil patch with room for … Continue reading
A.M. Look 1/8/16
Stocks… Spu’s…near term sell stops are under yesterday’s last night’s low of 1928.50. Nasd 100…4265-75 is the next oversold bounce level. XLE…54.26 is the 2011 low. Ultimate fib support is closer to 50. XOM…the pattern is hardly an advertisement to … Continue reading
A.M. Look 1/7/15
Stocks… Spu’s…1933 is as good a # as any for a short term bounce. Nasd 100…4265-75 is the next oversold bounce level. AAPL…94.77 is semi-annual trend with macro stops below 92. XLE…54.26 is the 2011 low. Ultimate fib support is … Continue reading
A.M. Look 1/5/15
Stocks… Spu’s…1990-92 needs to hold on the P&F for another bounce. Closing under 1980 leaves way for a much bigger correction as laid out in the qtrly update. Nasd 100… 4550-75 is resistance. Bonds… 30 Yr. …bonds can lose steam … Continue reading
A.M. Look 1/4/16
Stocks… Equity Indices…the levels were laid out yesterday in the qtrly update. Nasd 100…should be overextended into 4450-60 AAPL…needs back over 106.10 close for any price recovery. Bonds… 30 Yr. …bonds can lose steam anywhere into 155.00+- a couple of … Continue reading
A.M. Look 12/30/15
Stocks… Spu’s…2054-62 is the level Bulls will look for breaks to hold over the next two days. We’ve seen two equidistant moves over the last 5 trading days. It’s now about where the Dow & S&P close on the year … Continue reading
The Late Show
Unless you own something i would not be looking to sell anything. Copper…is attempting an ORH week. As Long as (H) remains above 2.1250 the pattern is friendly. For all you energy Bulls, here is the canary in the coal … Continue reading