Welcome to the mid-week shuffle. I’m looking for evidence that the technical model in the Equity Indices can start to turn. Yesterday we saw weakness all day followed by a late day short covering rally. I want to see the … Continue reading
Stocks… VIX…sell stops are below 13.44. Bonds.. 30 yr. Bonds…need another close above 133.20 ( today’s 200 day mvg avg) to get people buying treasuries. New Home sales @ 9:00 A.M. CDT should be watched for direction. FX… Commodities… … 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
It’s just another Monday with equities up, a weakening Dollar, and rates edging back up. As long as we hold Friday’s low in the equities on a closing basis, look to buy the breaks and sell the rallies. My longer … Continue reading