Stocks.. Spu’s…resistance starts around 1619 with the mid to high 20’s possible over the next 2 days on an overshoot.. Bonds… 30 Yr….has been holding the breaks. Look for full point moves. 136.00 +- a few is first resistance. 134.00 … Continue reading
Stocks.. Spu’s…1565 is the over run level I’m looking for to buy. SPY…158.60 followed by 155.60 SDS…has to close Friday over 41.50 to show a good low has been put in. Nikkei…12,500 held DAX…8000 held Bonds… Bunds…143.75 is resistance and … Continue reading
Stocks.. GOOG…closing over 884 will keep this firm AAPL… closing over 445 will be positive. BAC…13.50 is the closing upside pivot. Spu’s…needs back under 1632-33 for further set backs. Maintaining and closing over 1645 is price positive. SPY…maintaining and closing … Continue reading
On 5/6/13..we posted an eventual swing count of 924 for GOOG…It hit it in pre-market! GOOG…should start doing $40 dollar swings to the upside as long as it maintains over 827. A complete swing will tgt close to 924. 866 … Continue reading
30 Yr. Bonds…the next set of month sell stops are 142.00 tgting 139, however this instrument is oversold short term with a double bottom @ 143.16 put in overnight. TLT…116.56 is support. Once closing below we‘re looking for 111 Spu’s…need … Continue reading
Equitiy Indices…There is no change in the downside levels for the Spu’s & Nasd from yesterday. XLV & IYM…Healthcare & Materials look cheap compared to the other sectors I just perused. 47.20 is the trailing stop in XLV for Longs. … Continue reading
Sell this SDS @the market. Waiting for a pull back is not worth the exposure. I was wrong…I was a little stubborn and that’s the end of it. This has ripped 30 points without a pull back. You’ll likely get … Continue reading
AUD/JPY…99.37 is the 50 day mvg avg. This level will act as a pivot. This cross either holds right in here or it can break another 2 figures to 97.70 ish. EUR/AUD…as long as this maintains above 126.75-127 we’re looking … Continue reading
Soybeans (K)…$14.884 is monthly resistance. Only sustaining and closing over this level will lead to higher prices. Corn(July)…6.59 is pivotal. 6.74 the next resistance level. Closing over 6.83 will generate new momentum buying. CORN ETF…maintaining above keeps this instrument positive. … Continue reading
30 yr. Bonds..149.11 is the next level. Euro…129.60 is support. I wouldn’t look for much under 129.40 on an initial push. AUD/JPY…100.75 is intermediate support. The weekly shows a test of 99.20 is possible by not recovering back over 101.25. … Continue reading