Stocks… Spu’s…1965 is near point & figure support. 1978 fills out the reversal for initial resistance. X…this names has lost 50% of it’s value since mid August. The path of least resistance looks to be up. The risk to own … Continue reading
Stocks… FDX…breaks out to the upside over 175. VIX…14.85-59 is major support. I’m buying the 16 Calls Expiring 2/18/15 if we print into this level. Size matters with this strategy. The goal is to hedge up half your long portfolio. … Continue reading
EUR/JPY…the resting buy stops are over 138.04. You’ll need to see closes over 138.25 for more upside. Bunds…150.88 is support. You’ll need to see sustained price action under for another 40 points. IYT…152.39 is the all time high. price action … Continue reading
EWA,EWW,EPI are attempting upside break outs. FDX,BRKA, DOW & MLM are three names that look particularly good. BLK…looks to have put in a trad able low yesterday @ 295. BHP…today’s low is the risk for any new longs. A close … Continue reading