What’s Next? Our current view of the market condition is that it remains a tactical, short-term event driven market. Our long-term risk models indicate that after three months of sideways action, it continues to be a corrective move vs. … Continue reading
Spu’s will need to trade and stay below 2617 for lower on the medium-term P&F. 2657-62 is the lowest risk sell level. In early 2001 the Spu’s put in a Tuesday high which is atypical and broke 400 Points. It … Continue reading
Equity traders; take your Que from the NYSE opening. Look for a directional flow into London’s close before posturing into the afternoon tech earnings. Of all the tech names MSFT has been the most consistent since Nardella has taken over … Continue reading
Spu’s…after trying for two hours to push below 2177 (last weeks close) Index trading will be a nite mare.Bears will try to close this below 2177. Good luck with that! I’m not buying a 200 point rally in the Spu’s … Continue reading
Stocks… VIX…sell stops are below 13.44. Bonds.. 30 yr. Bonds…need another close above 133.20 ( today’s 200 day mvg avg) to get people buying treasuries. New Home sales @ 9:00 A.M. CDT should be watched for direction. FX… Commodities… … Continue reading