Tag Archives: Crude Oil
A.M. Look 7/30/15
Stocks… Nasd 100…4591 is resistance. Spu’s…2095 is the 50 DMA. This is now support. The long term P&F shows resistance back @ 2119-20, however you need to see all new strength over 2104 to get going. DIG…the energy ETF’s trade … Continue reading
Post Mortem
I pitched my calls in the TBT. They were either going to be golden today or not. Not!! Oil…is now caught between 48.50 & 49.50. Two of my favorite names today are CL & Nike. Nike is attempting an ORH … Continue reading
The Late Show
That should be about it for the Oil today. If we see a marginally higher high later in the session it should be viewed with skepticism for it can be a bull trap. Financials have been ripping all A.M. following … Continue reading
The Late Show
All my longer term indicators are neutral in pretty much everything, however the long term Point & Figure in the Spu’s have turned up. This will need a close below 2060 to turn down. OIL Patch… COP looks to have … Continue reading
OIL…
We’ve just witnessed the first oversold rally in 6 days. A little patience is required to see how much profit taking will come before tomorrow’s inventory #’s. Point & Figure resistance starts @ 48.25 through 48.61.
A.M. Look 7/24/15
Stocks… Nasd 100…4653.50 is unchanged on the week. This will act as resistance today. Bonds … FX… AUD/USD…71.61 is the Fib retracement for the past 15 years. It’s a significant level given the oversold nature of the shorter time frame … Continue reading
A.M. Look 7/23/15
Stocks… Spu’s… 2095 + a few is cloud & mvg avg support. A close under this level is needed for more downside. Nasd 100…4550-60 is the low risk buy zone. AAPL…this is a long with a 122 stop. Buy on … Continue reading
A.M. Look 7/22/15
Stocks… Spu’s… 2095 + a few is cloud & mvg avg support. A close under this level is needed for more downside. Nasd 100…4550-60 is the low risk buy zone. SHCOMP…is holding putting in a sideways to higher pattern. Bonds … Continue reading
A.M. Look 7/20/15
Stocks… Spu’s… 2020-23 is closing resistance. Nasd 100…the measured full swing count for this move off the low comes in @ 4720. DAX…11,630 is cloud support. With the European bond rally this A.M. this is a low risk level to … Continue reading
A.M. Look 7/17/15
Stocks… Spu’s… 2020-23 is closing resistance. Bonds … 30 Yr. Bonds…152.00 is cloud resistance. 151.20 is the 50 DMA. with a neutral RSI you just have to wait and see if the treasuries can push higher. TLT…118.70 is mvg avg … Continue reading