Tag Archives: Gold
Midday Missive
USD/JPY…is attempting an ORL day by closing under 103.97. (over 96.21 Futures). This pattern is the same pattern as the Spu’s. Spu’s down = Yen rally. EUR/USD…is putting in an ORH day with a close over 135.84 . It’s currently … Continue reading
A.M. Look 1/27/14
Stocks… Spu’s…1800 is the qtrly pivot. Short term traders should be using this level for market tone. This is where you look for market follow through to the upside. A lot of technicians were eyeballing the low 1770’s as support. … Continue reading
A.M. Look 1/24/14
Stocks… Spu’s…1800 is the downside support level. Bonds… 30 yr…133.15 is the upper end of our resistance area. TBT…70.40 would be a retest of the ORH qtr from 2013 when interest rates started to rise. This is a support area. … Continue reading
A.M. Look 1/21/14
Stocks… Spu’s…the long term point & figure shows we still need to sustain higher on the year for new upside tgt’s. EWP…39.76 is support and the downside pivot. BRKA…17,100 is the 200 day mvg avg and support. Nikkei…put in … Continue reading
A.M. Look 1/8/14
Stocks… TRIP…TripAdvisoris attempting in an ORH week with a close over 82.90. The first tgt. is 90.50, last years high. 83.85 is a low risk buy. PG…Proctor & Gamble might not be a momo stock but it doesn’t look … Continue reading
Midday Missive
IYT…a close today below 130.40 puts in an ORL day. MMM…a close today below 138.03 puts in an ORL day. GS…our upside tgt from last year was 182. Close enough.. DDD…3D systems, a close today below 94.11 puts in an … Continue reading
Midday Missive
NASD 100…is attempting an ORL week with a futures close under 3549. The pattern has just filled the weekly gap left from the Fed meeting in Dec. @ 3536.50. You’ve have potential reversal weeks up in the Aussie and Gold … Continue reading
A.M. Look 1/3/14
Stocks.. BAC…is putting in an ORH week with a close over 15.79. While the pattern looks good I am not a fan of chasing this strength. LNG…as long as this holds above 42.40 close I’m a fan. Spu’s…a … Continue reading
A.M. Look 1/31/14
Stocks… Spu’s…resting sell stops are below 1760. CAT…has had a huge bounce from last Friday’s plunge to the 200 day mvg avg. This bounce looks completed. 94 is the short term tgt for this bounce. Bonds… 30 yr. Bonds…134.24 is … Continue reading