Tag Archives: Dax
A.M. Look 5/15/14
Stocks… Spu’s…sustained price action under 1882 is needed for a further sell off. Nasd 100…still needs under 3575 to do any pattern damage. DAX…9600 is today’s support. FTSE…6995 is the 1999 high with resting buy stops above. This is the … Continue reading
A.M. Look 5/13/14
Stocks… IWM…114.40 resistance. A couple of closes over this level is needed for a test of the yearly highs. Nasd 100…longer term point & figure charts show that some work is needed to get through 3625-35.In fact this is where … Continue reading
A.M. Look 4/12/14
Stocks… KRU…the regional banks look to have bottomed. 82.50 is pivotal. price action over this level could lead to a test of 86. IWM…110.75 is 200 DMA resistance and the upside pivot. GOOG …put in an ORH day. GOOGL…just missed. … Continue reading
A.M. Look 5/5/14
Stocks… Spu’s…1894 is resistance. Nasd 100…gains upside momentum over 3593 close. DAX…put in a ORL day Friday and is following through to the downside. 9426 is mvg avg support. This is just one more tired Index that keeps failing at … Continue reading
Midday Missive
Spu’s, Dax, Nasd 100, NFLX,IBB have all hit resistance and their upside closing pivots. This is not the time not the place to press direction in the Indices. Pay attention to the 30 yr. Bonds for their weakness translates into … Continue reading
A.M. Look 4/11/14
I will be out of office ( out of the country) traveling for meetings through next week. The lack of bandwidth to run my proprietary studies on my sojourn renders my laptop an overweight I Pad. I won’t be writing … Continue reading
A.M. Look 4/10/14
Stocks… DAX…9600 is resistance. the sell stops are @ 9498 today’s ORL#. Then look for a test of 9440. Nasd 100…back under 3576 will propel the Bonds even higher. IWM…under 113.50 would precipitate downside momentum. Bonds 30 Yr. … we … Continue reading
Levels That Won’t go Away
Spu’s… are now lower on the year. 1846.25 is that #. Mvg avg support is @ 1837.25. They weaken below. Resting sell stops under 1830 tgt 1800 and then 1685-90 via the resting macro sell stops @ 1732. Nasd 100…3412 … Continue reading
Midday Missive
The rallies are failing in the U.S. Indices, while the breaks have been holding everywhere else. Bounces have come off the identified oversold areas in the Momentum names. Support & resistance in the U.S. Equity Indices have remained almost 100% … Continue reading