Tag Archives: Euro
A.M. Look 1/13/16
Stocks… Spu’s…the target for this rally is 1973. This is the exit zone. Spu’s are having an oversold bounce. Nasd 100..4400 +- a couple is resistance NOV… has one of the cleaner patterns in the Oil patch with room for … Continue reading
A.M. Look 12/18/15
Stocks… Spu’s…2031-34 is resistance. Nasd 100…4577-80 is resistance with price action and a close over 4605 needed to stop the slide. Bonds… TLT…122.61 is the 200 DMA. 124.10-28 is resistance. FX… EURO…a close today below 107.96 opens the way … Continue reading
A.M. Look 12/17/15
Stocks… Spy…breaks out on a weekly above 209.25 close. BUD…127.50-90 is resistance. Closes over this area is needed for more strength into year end. FB…106.91 is this week’s ORH # NFLX…sustaining above 122.50 leaves way for 124.35, the next momentum … Continue reading
Midday Missive
I’m fundamentally friendly to the dollar going into a rate rising cycle, however I don’t have the stones to trade the futures outright given the potential volatility this afternoon. Risking big figures in the currencies is not my style. The … Continue reading
A.M. Look 12/16/15
Stocks… Spu’s…are unchanged on the year. 2069 is closing resistance and the next upside momentum #. SPY…207.30 is resistance. 203 would be a low risk buy. DAX…10,580 is resistance and the closing upside pivot.IBB…needs a sustained price action and a … Continue reading
A.M. Look 12/15/15
Stocks… All the indices went green last night. Spu’s…(H) resistance starts at 2038 ( the major mvg averages) on up. COP,XOM & XLE…all show buy signals. BUD…shows a buy signal. Mvg avg support is 120.55-119.93 (your downside risk to own). … Continue reading
Midday Missive
The Long Dollar crowd was liquidated this A.M. Euro was trading just above it’s 200 DMA @ 110.33 Cash ( 110.61 H Futures) Hard to pick a high unless you try and line it up with timing later in the … Continue reading
A.M. Look 12/14/15
Stocks… The big cap momentum names have put in topping patterns which we didn’t see in the earlier year sell offs. AMZN…sell stops are @ 620 with 612 being first support. Bonds… 30 Yr. Bonds…156.02, old resistance, is now support … Continue reading
A.M. Look 12/11/15
Stocks… Spu’s..(Z) 2049 will become resistance. The low 30’s can trap new shorts. Nikkei…(H) closing under 18.950 is negative. DAX…(Z) needs back above 10,482 close to keep from sliding further. AMZN…646 is the must hold level going forward. IBB…needs to … Continue reading
Midday Missive
The Spu’s are hoping to get rescued by an Oil rally. For Oil to put on a rally the Point & Figure shows it has to hold today’s low. I have no idea which side of the market is more … Continue reading