Tag Archives: Gold
A.M. Look 12/18/15
Stocks… Spu’s…2031-34 is resistance. Nasd 100…4577-80 is resistance with price action and a close over 4605 needed to stop the slide. Bonds… TLT…122.61 is the 200 DMA. 124.10-28 is resistance. FX… EURO…a close today below 107.96 opens the way … Continue reading
Midday Missive
The Long Dollar crowd was liquidated this A.M. Euro was trading just above it’s 200 DMA @ 110.33 Cash ( 110.61 H Futures) Hard to pick a high unless you try and line it up with timing later in the … Continue reading
A.M. Look 12/14/15
Stocks… The big cap momentum names have put in topping patterns which we didn’t see in the earlier year sell offs. AMZN…sell stops are @ 620 with 612 being first support. Bonds… 30 Yr. Bonds…156.02, old resistance, is now support … Continue reading
A.M. Look 12/11/15
Stocks… Spu’s..(Z) 2049 will become resistance. The low 30’s can trap new shorts. Nikkei…(H) closing under 18.950 is negative. DAX…(Z) needs back above 10,482 close to keep from sliding further. AMZN…646 is the must hold level going forward. IBB…needs to … Continue reading
A.M. Look 12/10/15
Stocks… Spu’s…it’s in the middle. Much above 2055 resistance it can run back to 2070 again. Closing today below the mvg averages would not portend well for next week.Spu/Bonds are sitting on the 50 & 200 DMA cross…The spread needs … Continue reading
Oil & Gold
OIL…38.99 was as good a place as any for the rally to initially fail. I have a price order in to sell just shy of 40 which I’ll leave working into tomorrow. I placed a resting buy order in the … Continue reading
A.M. Look 12/9/15
Stocks… Spu’s… 2049-46 is the key mvg avg convergence level where the 50 & 200 DMA meet. This is the closing area that will run the next swing. Above the Indices remain firm led by the momentum names. DD…Du Pont … Continue reading
A.M. Look 12/8/15
Stocks… CMG…this is where the day traders are playing. 516 83 will be pivotal. Anything into 500 can trap shorts. GOOGL…weakens below 760. AMZN…weakens below 660. Spu’s…weaken under 2064. Nikkei…breaks down under 19,380. December Futures expire Thursday. Bonds… Bund…the Dec … Continue reading
Gold & Miners..
https://www.youtube.com/watch?v=Bn2IQ1Xb154
Midday Missive
The Metals, Miners and the commodity currencies KIWI & Aussie are in play. Gold is bottoming. A close over 1080.70 puts in an ORH week. Do not fade the pattern. If you get one more 50% retrace today in the … Continue reading