Tag Archives: Gold
Midday Missive
VIX… is trading above the mvg 200 DMA as all the long commodity trades are being unwound. Gold….has to hold the 1245 level to remain viable. OIL..inventory #’s in 30 minutes will be telling. Failure to hold a break into … Continue reading
A.M. Look 3/4/16
Stocks… Spu’s…2016-18 is the level for shorts to give it a go. Equity Indices would be extremely overbought right into the gap and the 200DMA just shy of unchanged on the year. Nasd 100…4424.70 is today’s 200 DMA. DAX…9850 … Continue reading
A.M. Look 3/2/16
Stocks… Nasd 100….4360 is resistance. A retest of 4265 would make for a low risk buy. NFLX…12% since last Wednesday. Anything into 101 is pretty good resistance AMZN…585 is mvg avg resistance and a 50% rally off it’s FEB low. … Continue reading
A.M. Look 3/1/16
Stocks… Spu’s….are a two way time frame trade. Closes below 1929 is needed to break. Bonds.. 30 Yr…164.05 is today’s ORL # in June Bonds. They are weak by remaining below. FX… EURO…108.61 is the 2015 close, matching the .618 … Continue reading
A.M. Look 2/29/16
Stocks… Spu’s….1931 is un changed on the month. There have been two 10 point rallies since the Asian opening which have been met with selling. Bonds.. 30 yr….(June M) 165.28-165.02 is near resistance and today’s upside pivot. FX… EUR/JPY…is oversold … Continue reading
Midday Missive
The board should stay Risk Off through London’s close. 30 yr. Bonds…are now at levels which is an exit zone for longs, however closing over this area will be very negative equities Long Gold/Short Euro…is moving to new yearly highs. … Continue reading
A.M. Look 2/24/16
Stocks… Spu’s….near term sell stops are below 1898.50. There was one short covering rally into London’s close. DAX…looks set to retest 9067. Bonds.. 30 yr….168.11 is the high close for this swing. FX… AUD/USD…71.62 is near support and … Continue reading
A.M. Look 2/22/16
Stocks… Spu’s….1942.50 is the 50 DMA resistance. Near term support will be at Thursday night’s high of 1922. Midcap…61.59 is the 50 DMA. Both the Midcap & Russell have similar patterns. Bonds.. 30 yr….166.20 will be pivotal over the next … Continue reading
A.M. Look 2/19/16
Stocks… Spu’s….We need back under 1912 to weaken, targeting 1885. Bonds.. 30 yr….167.12 is initial fib resistance with a possible failure @ 167 +-. FX… YEN…remains strong with a risk off board. First retest is 89.00. Commodities… Gold..Buy hard … Continue reading
Midday Missive
Spu’s…finally had a reversal. Battle lines have now been drawn. 1912 held it’s first initial re test. The P&F confirms the level as well lining up my initial momentum studies. Gold/Euro….is retesting it’s high close Gold/Suisse.…is retesting it’s high close. … Continue reading