Tag Archives: Gold
Midday Missive
GOOGL…713 is the end of day closing level to avoid an even more negative pattern. Daily momentum breakdown is 701 leaving way for another 40 dollars. LNKD…109.80 is the hold level form 2013 and low risk buy zone. The late … Continue reading
A.M. Look 2/5/16
Stocks…Spu’s…need to hold 1894 to have a bid tone Last months unemployment high was 1965.Any prints up here is a sell before you buy. Nasd 100…needs over 4200 resistance and hold above 4200 to mount a rally. DAX…9678 … Continue reading
A.M. Look 2/4/16
Stocks… AMZN…closed below it’s 200 DMA for the first time since Dec 2014. GOOGL…a good close below 735 is needed for another big sell off XLI…as long as this sector holds a sell off into the low 49’s and does … Continue reading
A.M. Look 2/3/16
Stocks… Spu’s…1909.50-1913.50 remains a pivotal level. Bonds.. 30 yr….The low risk daily buy level is 161.02. FX… GBP/USD…145.40 is the plaza accord Fib that has been pivotal for years, above look for 146.50-60. Yen Futures…84.20 is fib resistance. CAD/JPY…held daily … Continue reading
The Late Show
AMZN…below here I’m looking for 490. Support on the semi-annual maps start start! @ 434. GOOGL…closing below 778 will have seen a blow off earnings high. FB…a close below 112 today puts in a trad able high. Gold…didn’t break anywhere … Continue reading
A.M. Look 2/1/16
GOOGL,AFL ,MAT are three of the more interesting names for earnings today. It would take a rare GOOGL miss for a puke after the close in the Indices. The U.S. Indices have done little more than given back the last … Continue reading
A.M. Look 1/29/15
Stocks… Spu’s…it’s all about the close today and price action Sunday night into Monday. We keep rallying to unchanged on the week and failing. The Dow and Spu’s both need to hold the breaks today and start higher into Feb. … Continue reading
A.M. Look 1/28/16
Stocks… Spu’s…Battle lines have been drawn. 1851 …1913.50 on top is initial resistance. Today’s sell stops are @ 1865. AMZN…is trading in pre market @ 602, yesterday’s opening range. With earnings after the close, I would imagine that investors will … Continue reading
A.M. Look 1/27/16
Stocks… APPL…is trading @ 96.20 as i write. A failure to get back above 97.50 leaves way for lower retests. Longer term bulls will throw in the towel below 90. AAPL needs to find a low today with some Fed … Continue reading
Currencies…OR Pattern Alert…Risk On
CAD/JPY AUD/CHF GBP/USD Canadian Dollar Copper Mexican peso is working on the same pattern. Brazilian Real is putting in a bottoming pattern as well. Gold…this wants to trade the 200DMA @ 1135 for a start. It’s doubtful if it can … Continue reading