Euro…128.46 followed be 127.50 ish are the relevant support levels. 30 yr. Bonds..we placed orders to sell on Friday @ 152.14-17 (H). Cancel these orders, however we will look to sell them at this level if and when they get … Continue reading
Full Moon Trading with the mid-week shuffle XLF… (Financials) put in an ORL day. Follow through to the downside is needed below 15.60 to trust the pattern. KBE… (Banks) same as above. This needs sustained price action under 23 for … Continue reading
Risk On or Off For those of you that are tempted to buy AAPL on the first rally back to the 200 day mvg avg of 580, I’d look elsewhere. Buying big rallies or “selling” chasing weakness in this market … Continue reading
These names are attempting to test their respective ORL #’s. 81.94 DE 84.43 CAT 84.20 OXY
Today’s low is a trad able level.
After a week of consolidation it’s attempting an ORH day with a close over 82.22. This is a price positive formation.
MCP…the action is still in the individual names. Above 10.30, which is now support, you have an ORH week which looks to have a pretty high probability of completion at this point. Up 30+% in two days. The weekly buy … Continue reading
Spu’s…1410 Nasd….2767 These are the ORL #’s Once again the indices are nowhere and broke to nowhere. AAPL,DE,Oil ect all saw tgt areas hit on very overbought conditions, followed by some profit taking. TBT…16.70 becomes a closing momentum area = … Continue reading
DE is coming into trend line support in the low 74’s. Short term traders ( DAY TRADERS) should keep this level on your radar. This area would provide a trad able low off the the 9 CDT time Frame. You’d … Continue reading