Stocks.. AMZN…looks to have more to go on the upside, possibly as high as 420. This is another momentum instrument that can close on or close to it’s highs for the year. It’s up 25% this qtr alone. Prudence … Continue reading
We wish our readers a most Happy Xmas. Enjoy your time with family and friends. General Comments orValuable Insight Short Term View… Keep trading to make money. The opportunity will be in individual names. Less is more this time of … Continue reading
BUY DXJ Jan 14 52 Calls. This gives you a Long Japan exposure through U.S. Unemployment data release January 10th I’m showing a 40 bid @ 45 Offer market. Place an order to buy mid market. I would pay up … Continue reading
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
DXJ is attempting an ORL week to the downside with a close tomorrow under 49.41. While this could bottom going into tomorrow and go right back up, I’m sticking to my trading plan and the 49 stop on close . … Continue reading
Stocks.. AAPL…582-584 should prove sticky the first time up. All the macro buy stops are just over 600. We will be selling 50% of our remaining position at this level!!! Bonds Bunds…held daily,weekly & monthly support yesterday on the … Continue reading
Stocks.. IBB…sustaining under 220.60 can lead to a test of the gap up from 214.30.217.40 should elicit a bounce. My buy zone is 214-211 with a tight stop. SPU/BOND…is still maintaining above the 18 day mvg avg @ 13528. Only … Continue reading
Stocks.. AAPL…that’s a 6.8% rip in a week. If you bought the DEC 27 540 calls @ $5.60, as many of you said you did, you’ve now more than quadrupled you’re money with a $23.70 close. Money management time Sell … Continue reading
Thanksgiving Thursday into Friday can provide for some nasty low volume reversals, however as stated yesterday, I think these will be muted this year due to the late holiday into month end. Markets typically go in the direction they are … Continue reading