Euro Stoxx 50…is following a different swing than the U.S. Indices, nevertheless today‘s low will take some work to get through. DAX…today’s low is good enough to hold for now. A good close below 7370 is needed to start a … Continue reading
Oil…by maintaining below 95.70 (H) we’re looking for 93. April oil becomes front month tomorrow and the #’s will line up differently. Copper…weekly support comes in between 365-366. 360 is the key monthly level with stops below. Silver…30.66 is mvg … Continue reading
30 yr.Bonds…expire today. 146.05 was the Oct. low and close to our last short exit. closing under that level will keep the Bonds under pressure until year end. We’ll monitor the price action for a possible short in the 30 … Continue reading
GOOG… 633 ish +- 5 points needs to hold on a break. Most analysts will be watching 638-40 but I want some leeway. AAPL…495-505 is the area we’re going to BUY the Feb 550/575 call spread. We’re going out to … Continue reading
Silver…shows a break out on the P&F charts by sustaining over 32.50 ish. General Comments… The technical levels are ostensibly the same. The world Indices are all positive this A.M. We have been unable to close below the 1402-1395 level … Continue reading
Looking around the board we’re close to playing the match game over a wide array of asset classes. EFA, SPU, DAX, Euro Stoxx 50, Oil, USD/CAD, AUD/JPY, 30 Yr Bonds, Gold… We’re coming into go or no follow through territory. … Continue reading
30 Yr. Bond Futures…look like they need sustained price action 6-8 ticks over last nights highs to start another thrust up. Euro Stoxx…21320 is the 18 day mvg avg and support. 21847 is the 50 day and resistance. DAX….62550 is … Continue reading
The Yen crosses told the story yesterday by holding big Fib support. The AUD/JPY,EUR/JPY & CAD/JPY all pretty much tested support at the same time and reversed. So did the OIL and Spu’s. General Caveat!….We’re honing in on a zone … Continue reading