Tag Archives: GBP/USD
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 4/24/15
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 4/17/15
Stocks… Nasd 100…needs a close over 4335 for more upside. 4355-65 is daily support. Spu’s… price action under 2079 is needed to turn the P&F lower. 2070 is support and the market meltdown level. DAX…I need to see 11,800 hold … Continue reading
Midday Missive
30 yr. Bond…165.27 is the level to watch for price rejection the rest of the day, matching a possible low in the Nasd 100. It’s significant for a number of reasons; running of the weekly ORH stops, matching the high … Continue reading
A.M. Look 3/30/15
Stocks… SOXX…94.20-50 is resistance and the closing upside pivot for more strength. Spu’s… 2054-57 (Unchanged on the year) will be the focus today into tomorrow’s close. This will be support. Nasd 100…4376-87 is mvg avg resistance/ 4332 is mvg avg … Continue reading
A.M. Look 3/27/15
Stocks… Spu’s…2047 will be pivotal today. IWM…120.83 is the 50 mvg avg. 119.40 is the low risk buy level. Bonds … Bund…158.10 is the low of the weekly range. This is support and the downside pivot. FX… EURO…put in … Continue reading
A.M. Look 2/17/15
Stocks… DAX…10,770 is support. Sustaining and Closing below this level will lead to a sell off of a couple of hundred points. 11,000 was the tgt for this swing and is now resistance and the closing upside pivot. Spu’s..2060 is … Continue reading
A.M. look 2/12/15
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
Puke City
EURO…114.46 is resistance and the upside momentum # GBP/USD…needs over 152.50 resistance to extend. X…U.S. Steel 21.56 is the closing upside momentum #. Gundlach has made positive comments on the Gold & Oil. Look for a resumption of Short Euro/Long … Continue reading