Tag Archives: Equity Indices
Midday Missive
They tried the Equity indices both ways early. Now what? The retest of the 3754 qtrly level in the NASDAQ ( the failure to get all the way down there) + the low in the IWM will give hope to … Continue reading
Equity Indices & Further Comments
Nasd 100…resting sell stops are @ 3714, today’s ORL # 90.81 QQQ Spu’s…resting sell stops are @ 1916, today’s ORL # 192.26 SPY DAX…resting sell stops are @ 98680, today’s ORL # 31.87 EWG VIX…by holding today’s low this could … Continue reading
Gold & XLF
Gold is getting oversold short-term. 1265 will still act as support and a possible bear trap the first time down. The metals are under pressure which is a direct result of higher equity prices. Sell rallies not breaks. ​Gold just … Continue reading
Midday Missive
Yesterday’s highs in individual names that gapped up today need to hold on any intra day pullback. I.E. GOOG…1207.50 Nasd 100 tgt has not changed. “3754” The markets have been a feeding frenzy since I woke up at 2 A.M. … Continue reading
Midday Missive
So much for the mid week break in equities. Despite the early jump in Vix it is rolling over. 14.22 is first support. Soybeans challenged it’s 200 mvg avg. 13.75. This is an exit zone. We saw some early stock … Continue reading
30 yr. Bond Future…Follow Up
I sold USAH ( the 30 Yr. Bond Futures) as a surrogate Long Equity Trade. We’re short @ 132.31. We are risking 6 ticks ( $187.5 x 4 = $750) to see if I’m correct. The better resistance is up … Continue reading
Midday Missive
SMH…index has a double bottom on the daily chart. OIL…97.80-98.00 is resistance with resting buy stops above. 30 yr.… admittedly i’ve been a little out of step with the turns. I like today’s low in the TBT and the high … Continue reading
ORL Pattern Explanation
Today into tomorrow is when I’m looking for market direction to be confirmed. Will the Equity Indices hold up or go into profit taking mode? Spu/Bond spread is Long Equities ( S&P 500 Index/Short 30 yr. Treasuries) This helps us … Continue reading
A.M. Look 10/4/13
Stocks.. Bonds FX… AUD/USD….94.59 is the ORH weekly # GBP/JPY…shows a monthly double top working on an ORL week to the downside. USD/JPY…96.63 is the 200 day today (app 103.48 Futures) Commodities… Oil…104.70 resistance. Look for price rejection the … Continue reading