Tag Archives: Gold
A.M. Look 10/17/13
Stocks.. Spu’s…closing above 1725 should give way to 1750. SSO…this ETF looks better from a technical perspective than the underlying Future. As Long as there is no close below 85.27 this should minimally see a new high. Bonds 30 yr. … Continue reading
A.M. Look 10/16/13
Stocks.. Play in the names that are reporting today if you must trade. Mattel,BAC,American Express,Ebay IBM are some of the bigger names. Spu’s…need under the mid 1680’s to break down. Bonds FX… Commodities… Gold…needs above 1300 to mount a rally. … Continue reading
A.M. Look 10/15/13
Stocks.. GOOG…is good as long as it does not print 864 PIN…by maintaining over yesterday’s high, this tgt’s 18.46 next. FXI…38.90-39.02 is the next resistance area. Once above look for another dollar EWW…maintaining above 66 gets this moving to … Continue reading
A.M. Look 10/11/13
Stocks.. Spu’s…1676 becomes near support. Only price action under 1671 changes the pattern. Maintaining and closing over 1687 will lead to a test of 1705.1692.25 is the weekly ORH # Nasd 100…3251.25 is the weekly ORH# Nikkei…closing and maintaining over … Continue reading
A.M. Look 9/24/13
Stocks.. GDX…Look to have more room on the downside than the GDXJ. GOOG… 875-77 should bounce the first time down on a short term chart. GS…163.50 should bounce the first time down. JPM…needs to hold above 50.25 close to avoid … Continue reading
A.M. Look 9/23/13
FX… AUD/USD…93.50 is support. 94.85 is daily resistance and the upside pivot. Commodities… OIL…104.70 will act as your short term pivot. Above, buy them before you sell and see how much you get. This level is a pivot, so conversely, … Continue reading
A.M. Look 9/20/13
Stocks.. Spu’s…I’ll need a close over 1725 to think there is much of any upside left. Nasd 100…3240 will act as the upside closing pivot Bonds 30.yr. Bonds..130.10 is support. 132.30 is resistance FX… AUD/USD…94.25 is support and the downside … Continue reading
A.M. Look 9/19/13
Stocks.. PBR…16.56 is the 200 day mvg avg and resistance. Closing over this level is needed for more upside. Line this up with the EWZ for resistance and upside follow through. Bonds Bunds… 138.90 is the upside pivot. By maintaining … Continue reading
Fed
Whatever happens this afternoon I seriously doubt you’ll be able to execute faster than the Bots. I’m still deferring to the Sept Equity Index contracts until tomorrow. On a continuation chart there will be resting sell stops under 1694.75 in … Continue reading
A.M. Look 9/18/13
Commodities… Gold…1270’s can trap new shorts. Silver…below 21.40 20.85 is the next Fib zone. The long term point & figure chart shows the possibility of 20.40-60 today with a “Risk On” board late day. WTI…Crude (Oct)…104.40-60 should bounce the first … Continue reading