Tag Archives: GBP/JPY
A.M. Look 5/29/15
Stocks… Spu’s…2110-12 has to hold to avoid profit taking. DAX…11,860 is resistance and the upside pivot. 11,500 is support, below there is room for a deeper correction. SHCOMP…broke to test it’s 21 DMA before recovery last night @ 4466. This … Continue reading
A.M. Look 5/8/15
Stocks… Spu’s…I doubt it can get back into the 60’s again. Only a close below yesterday’s low changes the bigger pattern. Bonds … 30 Yr. Bonds… 157.19 was last week’s close (1st natural resistance) I’d need to see sustained price … Continue reading
A.M. Look 4/29/15
Stocks… Every instrument is an Island unto itself. Bonds … Bunds…159.00 is the qtrly pivot. A close under the 50 DMA @ 158.84 is needed to confirm lower. 159.85 is resistance,yesterday’s breakdown level. 30 Yr. …is getting oversold. We’re getting … Continue reading
A.M. Look 4/24/15
Stocks… DAX…11,688 is mvg avg support and the must hold level on a closing basis to avoid a deeper correction. ACT…is gaining upside momentum. Keep this teed up for an opening range trade today. You’re looking for an upside move. … Continue reading
A.M. Look 4/22/15
Stocks… Nasd 100…put in a new high last night with China strength. A close under 4402.75 is needed to see some cracks develop in the bull thesis. Midcap 400…151170 is mvg avg support. Only sustained price action and a close … Continue reading
A.M. Look 3/24/15
Stocks… DAX …remains firm over 11,900. Nikkei…June needs price action under 19,500 to show any signs of profit taking going into the end of the qtr. BPT…breaks out over 56.65 Bonds … Bonds…163.15 will act as the short term pivot … Continue reading
A.M. Look 3/23/15
Stocks… DAX …remains firm over 11,900. Nikkei…June needs price action under 19,500 to show any signs of profit taking going into the end of the qtr. RIG…needs new price action over 15.40 for higher. TRN…Trinity has had a nice run. … Continue reading
A.M. Look 3/20/15
Stocks… March DAX & Euro Stoxx expire today. Look for continued strength. Biotech lottery…the Bots take hold of these early. If you’ve an interest in a name you need to be on it in the first few minutes of trade. … Continue reading
A.M. Look 3/18/15
Stocks… ZIOP…By holding above 13 I’m looking for this to go to 15.60 and then 18. MSFT…put in an ORH day. Sustained price action and a close over 42 should see MSFT move in 50 cent increments to the upside … Continue reading