Tag Archives: FOMC
A.M. Look 6/17/16
Let the day set up. Oil names will be active @ 9:30 CDT. Everything else could wait until the Fed minutes are released @ 1 CDT. It’s summer with low volumes. Less is more.
Midday Missive
You’re seeing an early bid to defensive names; Utilities (XLU), AWK, & MCD in a chase for yield. AXP & AIG are being bought off relative strength indicator, meaning these Financials have neutral RSI’s while many momentum names have already … Continue reading
A.M. Look 11/18/15
Stocks… Spu’s… 2040 is today’s support and downside pivot. 2061 is resistance. A close over 2067 is needed for higher. NFLX…has rallied 18% from Monday’s low. 118.80 is extremely overbought. It’s also a retest of the weekly breakdown # from … Continue reading
Midday Missive
It’s all FANG and any other name deemed to not be interest rate sensitive. The only reason we’re not seriously lower in the Equity Indices are these 4 names. AAPL is holding it’s 200 DMA on the break today @ … Continue reading
A.M. Look 10/26/15
Stocks… Spu’s…2055 is support and the downside momentum level. As of now you’d need to see sustained price action below 2053 to see profit taking. GOOGL… weakens below 711. AMZN…weakens below 579. Bonds … 30 Yr. Futures…are caught between … Continue reading
A.M. Look 6/17/15
Stocks… Bonds … 30 Yr. Bond…(M) June needs to press and sustain above 153.05 resistance for higher. App. 151.24 in Sept. depending upon which chart you follow. Bund…152.21 is mvg avg. resistance. Only closing over this level will lead to … Continue reading
TBT
I’m only toying with one bet going into tomorrow’s Fed meeting, which is buying the 50 or the 51 June 19 Calls for Friday expiration. I’d like to see one more flush in the TBT to near the 200 DMA … Continue reading
Midday Missive
The Yellen rally is gone, we’ve just tested the FOMC lows, a place the Indices have to hold. Nasd 100…4335.75 is the next set of sell stops. The FOMC low. Both the Nasd 100 & Spu’s need to hold these … Continue reading
A.M. Look 12/17/14
Stocks… Spu’s…(H) need to close above 1992 for bottoming action.(Z) Dec. level is 2000, they’re respective 50 DMA’s. 2022 is the qtrly Dec ORH # in DEC. (the level it failed at yesterday) 1995 is the Monthly ORL # which … Continue reading
A.M. Look 11/19/14
Stocks… DAX… The weekly ORH # is 9400, the level that needs to hold on a break. 9510 is today’s 200 DMA. All new closing strength over this resistance level is needed for a test of 9820. MVV…71.31 is support … Continue reading