Tag Archives: EWW
A.M. Look 12/17/13
Stocks.. Spu’s…Sustained Price action above 1778 will be price positive the index. I’m still using December #’s which is basically cash. The March (H) is trading 6.25 points under the December SSO…94.84 is the level matching 1778 December S&P 500 … Continue reading
A.M. Look 12/16/13
Stocks.. Spu’s…I have an interest @ buying 1726-30’s. We hit support last night at the 50 day ” 1760″ and bounced hard toward 1785 resistance. Sustained Price action above 1778 will be price positive the index. I’m still using December … Continue reading
Midday Missive
Food for thought… Friday is month end. U.S. trading will be left to one guy ( low man on the totem pole) in the office, flipping the power switch on and off for the machines. Sunday night into early Monday … Continue reading
SSO Trade Follow Up..W/Emerging Markets
I’m not going to fool around with giving hard earned profits back this time of the year. We’ve made our year and it’s time to be conservative. Any print in the Spu’s near 1820 or 100 in the SSO will … Continue reading
A.M. Look 11/18/13
Stocks.. Euro Stoxx 50 (DEC)…3176 is qtrly resistance. FXI…needs to sustain over 39.25 to start a new leg up. TM,Ford & COP…are worth keeping an eye on for an early hold. Time to start looking for names that have been … Continue reading
A.M. Look 11/15/13
Stocks.. GOOG…is attempting an ORH week with a close over 1032.40. This pattern tgt’s another 10% higher for GOOGLE to the 1140 area. Bonds 30 yr. Bonds…We’d like to sell a rally into the mid 133’s, however this looks unlikely. … Continue reading
Midday Missive
BAC…by maintaining above 14.25, this is set to run higher. IBM…over 183.80 this has another couple of dollars before any new resistance. PBR…is trying to bottom, Sustaining and closing over 16.55 is needed for confirmation. EWW…Mexico is trying to bottom. … Continue reading
A.M. Look 10/28/13
Stocks.. EWW…Mexico finally put in a trad able low on Friday with an ORH day. Friday’s low also put in a double bottom on a weekly chart. Sustaining and closing above 66 targets 67.15-25 followed by 68.75. Meli…as long as … Continue reading
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
AM. Look 10/21/13
Stocks.. Spu’s…use 1730 as the near term pivot. Bonds 30 Yr. Bonds…support start @ 133.07-132.28. This would be a good area to buy before you sell. 135.00 is weekly closing resistance. FX… AUD/JPY….stays firm as long as it maintains above … Continue reading