Tag Archives: Gold

A.M. Look 9/5/14

Posted on 09/05/2014

Stocks… Spu’s…the bulls saved the chart pattern from putting in an ORL in the last minutes of trading. Closing under 1987.80 puts in an ORL week and an intermediate market top. Support starts @ 1966-54. Nasd 100…needs to sustain above … Continue reading →

A.M. Look 9/26/14

Posted on 09/02/2014

Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 fills my downside objective for this move. 1973-4 is mvg avg resistance. … Continue reading →

A.M. Look 8/29/14

Posted on 08/29/2014

Stocks… SMH…put in an ORH day. Look for some upside follow through. A close today over 51.17 will put in an ORH Month WDAY…looks like it’s going to try to put in an ORL week, however 85.20-84.77 is major support … Continue reading →

A.M. Look 8/28/14

Posted on 08/28/2014

Stocks… Spu’s and Nasd 100 are overbought. The patterns are sideways to lower for a bit to relieve the RSI’s. Be patient today into tomorrow to see if investors want to cash out after this big run up into the … Continue reading →

A.M. Look 8/21/14

Posted on 08/21/2014

Stocks… DAX…today’s resistance is 9378. Sustained action above should lead to a test of the 200 DMA @ 9500. DXJ…put in an ORH day on Abe new stimulus plan. 50.35-66 is short term resistance. Closing over this level tomorrow starts … Continue reading →

A.M. Look 8/19/14

Posted on 08/19/2014

Stocks… IWM…115.11 is resistance and the upside closing pivot. XOM…98.11 is the 200 DMA.  EXXON has been going sideways and holding it’s 200 DMA while the Crude and Brent have been imploding for the past 12 trading days. Of the … Continue reading →

A.M. Look 8/8/14

Posted on 08/08/2014

Stocks… Spu’s…(Pit Session) put in an ORL day.  1874-57 is the low risk buy zone. SSO…104.25 is the 200 DMA. Nasd 100…3800-10 is support. A close over 3859 is needed for bottoming action.   VIX…14.80 is first support. Only a … Continue reading →

A.M. Look 8/7/14

Posted on 08/07/2014

Stocks… Spu’s…closing back above 1940 will put the Bulls firmly back in control. 1875 is my buy zone. This is the spot I’m buying the Index to see how big of a bounce I can get. Nasd 100…3850 will be … Continue reading →

Midday Missive

Posted on 07/31/2014

The Italian 10 yr. Bond…. FBTPU4, which signaled the low in rates yesterday for all the major Bond markets, put in an ORL day and looks vulnerable to another 100 point drop with sustained price action below 127.45. Spu’s…put in … Continue reading →

A.M. Look 7/31/14

Posted on 07/31/2014

Stocks… GPRO,TSLA,EXPELNKD,TMC,XOM & COP will report earnings today. Bonds 30 yr. Bonds…Price action and a close under 137.22 is needed for confirmation of a high. Bonds have to keep rejecting this level on rallies which is the weekly ORL #. … Continue reading →