Tag Archives: Dax
Dax… Euro Stoxx… SSO
Both the Dax & Euro Stoxx are into our qtrly pivots (support zones) after major profit taking and ORL daily patterns. SSO…has the potential for an ORL week with a close tomorrow under 99.80. We’re in need of another 1-2 … Continue reading
A.M. Look 12/19/13
Stocks.. FXI..38.37 is the Hold level. Closes over 39 will lead to a new leg up. DXJ…50.20 is the weekly ORH#. You’ll have to give this to over 50.50 close to be sure it will go this time. EWG…needs over … Continue reading
A.M. Look 10/14/13
Stocks.. Nikkei & Dax are both hovering over the qtrly upside pivots. Rio…by maintaining over 48.90 this should test 51 Bonds FX… USD/JPY…needs a close over 98.85 to start another leg down. AUD/USD…we think this is a win win … Continue reading
A.M. Look 10/11/13
Stocks.. Spu’s…1676 becomes near support. Only price action under 1671 changes the pattern. Maintaining and closing over 1687 will lead to a test of 1705.1692.25 is the weekly ORH # Nasd 100…3251.25 is the weekly ORH# Nikkei…closing and maintaining over … Continue reading
A.M. Look 9/12/13
Stocks.. EWP…Spain…33.07 is potential double top level on a monthly chart, however once maintaining and closing over this area, look for an initial test of 34.65 with much higher long term tgt’s. 31.75 is the buy level In Spain on … Continue reading
A.M. Look 8/28/13
Stocks.. GS…149.28-148.71 are where the macro sell stops lie with 147 being the 200 day which should bounce on an overrun the first time down. GOOG…847-844 is weekly and monthly support and the macro downside closing pivot. Look for a … Continue reading
A.M. Look 8/8/13
Stocks.. U.S. Indces…yesterday’s Mid-Week low should hold the rest of the week. TSLA…145-146 becomes support. Bonds… FX… AUD/JPY….held support yesterday. This is in a corrective profit taking phase that could reach 88.70 AUD/CAD…95.05 is resistance and the closing upside pivot. … Continue reading
A.M. Look 8/7/13
Stocks.. Dax…put in an ORL day yesterday, as well as closing below the 18 day mvg avg. You would expect downside follow through early. Time will tell if the pattern is going to follow through to the downside. EWW…69.50-55 is … Continue reading
Miday Missive… W/Grain Trade Alert!
The Gilts and the Bunds have been the better performing Bond markets over the past couple of days. This has manifested itself into value traders buying the Dax. Trade location is key. Market participants are using the 8000 level to … Continue reading
A.M. Look 7/11/13
Stocks.. GOOG…924 was the old pre-market high and tgt. This level will run the next swing in GOOG. NFLX…248.85 is the old high, 262 is next resistance. DAX…is over the 8000 pivot. Bonds… 30 yr….The long term point & figure … Continue reading