Tag Archives: GBP/USD
A.M. Look 10/30/14
Stocks… Spu’s…price action under 1960 support is needed to unnerve the Bulls. Nasd 100…4074 should be used for early market tone. 4103 is resistance. Closes over 4120 are needed to start a whole new Bull leg higher into year end. … Continue reading
A.M. Look 10/21/14
Stocks… Spu’s…1904 the 200DMA was good for a 20 point move off the China PMI data last night. I’m looking for the Indices to rally into tomorrow. Technicians are watching the downtrend line that comes in @ app 1930 to … Continue reading
A.M. Look 10/20/14
Stocks… NASD 100…there is room up to 3850 to rally as long as it holds a retest back to the 200 DMA @ 3770. Sell stops are building below 3742. Spu’s…resistance 1891, 1904,1917. These were the support levels … Continue reading
A.M. Look 10/14/14
Stocks… Spu’s….1903 is the 200 DMA, this will be pivotal all week. 1810 is possible with with early failure to hold. Nasd 100…3760 & 3700 are the two support levels ( bounce levels) Dax…8600 is the next targeted bounce level. … Continue reading
Midday Missive…Currencies
GBP/USD…159.85 is the 50% Fib for the past 2 years. Sustained price action below this level projects to 158.50. AUD/USD…still targeting 85.00 USD/CHF…96.80 is the next closing momentum level. (103.30 Futures) is support and the closing downside pivot.
A.M. Look 9/19/14
Stocks… DAX…10,000 is the key resistance and upside break out level. A couple of closes over this level is needed for another big leg up. Dax is putting in an ORH weekly formation. Holding 9800 on the next break keeps … Continue reading
A.M. Look 9/18/14
Stocks… DXJ…remains positive with the falling Yen. This ETF is heading for a retest of the 2013 high of 53.94. Bonds … 30 yr. Bonds…(Z) 136.00 will run the price action today. Short covering above, weak below. FX… AUD/USD…89.16, last … Continue reading
A.M. Look 9/17/14
Stocks… IAT…although it put in an ORL day I’m going to give this trade the rest of today to play out. SWKS…put in an ORH day. This has an initial upside tgt just shy of 60 by holding above 54. … Continue reading
A.M. Look 9/16/14
Stocks… COP…put in an ORH day running right into intermediate trend resistance. A close over 80.10 is needed to confirm the pattern. Nasd 100…still looking for a test of 3970 (U) 3962 (Z) Bonds … 30 yr. Bonds…(Z) 138.30 is … Continue reading
A.M. Look 9/11/14
Stocks… IAT…a Friday close over 34.01 is an ORH week and should be taken as an upside break out in the regional banks. WFC…needs to sustain above 51.60 to start another bull move. FEYE…needs closes over 36 to extend this … Continue reading