Tag Archives: DXJ
GS…Goldman Stop Adjustment…W/Midday Missive
Raise the trailing Goldman Sachs sell stop to 157.90 Close. AUD/USD…97.55 is the 200 day mvg avg and natural resistance. Currencies are rallying on the crosses vs short the Yen. I wouldn’t chase anything. EWW…needs a close over 66.20 to … Continue reading
Midday Missive
We’re looking for low risk names where we can define our risk. IBM…I like last weeks bottoming action. A close over 186.80 is needed to confirm the low and buy the strength. GS…Goldman earnings come out before the opening tomorrow. … Continue reading
A.M. Look 10/15/13
Stocks.. GOOG…is good as long as it does not print 864 PIN…by maintaining over yesterday’s high, this tgt’s 18.46 next. FXI…38.90-39.02 is the next resistance area. Once above look for another dollar EWW…maintaining above 66 gets this moving to … 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
Midday Missive
NEM…put in a terrific low today on a very long time frame chart. We’ll look to buy it tomorrow or on a small pullback against today’s low which is also a double bottom on a monthly chart. BHP…has broken out … Continue reading
Midday Missive
OIH…48.25-30 is the big macro closing resistance area. GOOG…897 is the closing pivot. As long as this remains above you can see a rally towards 950 going into month end IBM…looks cheap compared to a lot of the board. This … Continue reading
DXJ
DXJ is rising from the dead. By holding 43.16 this can trade up 44.50. Sustaining and closing over 44.50 will lead to a test 46.20. The Nikkei hold level is 12,500.
Midday Missive
DXJ has just completed a 50% retrace from the past 2 years in 30 minutes. Closing under 41.55 would lead to another couple of dollars. USD/JPY triggered monthly stops below 97 USD/JPY It’s surprised me!! This has been attributed to … Continue reading
DXJ…Position Update
Our sell stop was elected on the opening @ 45.14. We currently are running no positions.
A.M. Look 6/5/13
Stocks.. Spu’s…we’re smack dab in the middle of a 25 point range. The downside breakout is 1620 sellers. Spu’s have to go 1631 bid to avoid lower. Nikkei…has to hold 12,940 Bonds… It’s all about Friday! FX… EUR/AUD… 136.86 is … Continue reading