Stocks… DAX…10,770 is support. Sustaining and Closing below this level will lead to a sell off of a couple of hundred points. 11,000 was the tgt for this swing and is now resistance and the closing upside pivot. Closes over … Continue reading
EUR/JPY…next stop 134.14 with macro sell stops below. Investors sold the news and the rally in U.S. Equity Indices. For now I’d say the worst is over. The resting sell stops are below yesterday’s lows in the Spu’s & Nasd … Continue reading
Spu’s…the weekly sell stops are @ 1984.25. Nasd 100…the weekly sell stops are @ 4084.25. CAD/JPY…is @ it’s 200 DMA @ 96.95. 96.20 is the lower long term extreme. Trade the opening range today in the Equity Indices. EURO…118.60 is … Continue reading
Stocks… Welcome to the mid-week shuffle. There is no change to the technical levels in the major indices. Many individual instruments are trading overbought. Nasd 100…4138 is the first support. Spu’s…2013-14 is descent support today. You still need a close … Continue reading
It shouldn’t be a surprise that health care related names are keeping the Indices buoyant. 126.30 might be all we see for a rally in Euro. We’ll leave our order working until the end of the day, when we’ll decide … Continue reading
Stocks… Equity Indices have exceeded all my # sets for this rally. They’ve all come too far not to have some profit taking or back and fill. SHCOMP…is attempting an ORL day, however it’s sitting right on 200 WMA support … Continue reading
They’ve tried the Equity Indices both ways and have pretty much run out all the short term money. All long Dollar trades are being unwound. I’m going to give the Euro into tonight to stop rallying or I’m checking out … Continue reading
I’m traveling tonight through next Wednesday. There will not be any research or Webinars until next Thursday. In case you haven’t noticed, every time I head to O’hare the markets implode. TBT Calls…after reaching over 100 this A.M. they’re quickly … Continue reading
General Comments or Valuable Insight It’s summer time.There is a distinct lack of interest in trading. Equity markets need time to digest. The metals markets are showing fatigue. I’d look for the Silver to trade back toward it’s 200 DMA … Continue reading