The Shorts have been sliced and diced. Those that were massively underweight have been forced to buy. Nasd 100 has just completed a retest of its all time high, 16 years 8/Months in the making. Code; don’t be the first … Continue reading
Daily Market Intelligence 9-15-16
Stocks… Spu’s…(H) sustaining into the upper 60’s will give way to 2078 resistance. DIS…is a name that should stay strong into the end of the qtr. Bonds … Bonds…(M) 157.25 is today’s support. 159.27 is today’s resistance and upside pivot. … Continue reading
Nasd 100…Didn’t rally high enough. Pit Futures (U.S. Session) need a close over 3800 for an ORH day . EWA & ASX 200 Put in ORH days yesterday and look ripe for more gains. Oil… held a retest of the … Continue reading
Stocks… GOOGL…584.50 mvg avg support needs to hold to avoid lower. Spu’s…1960-2 still needs to hold to avoid lower test of 1952. Nasd 100…3890 is Point & Figure support. Bonds 30 yr. Bonds…holding above 137.15 keeps these firm today. FX… … Continue reading
Bund…143.61 is weekly resistance. Closing over this level tgt’s the 144.40’s. Spu/Bonds…the spread either holds right here or it doesn’t. The 30 yr. futures have made a higher high by a tick, which could be indicative of another directional trap. … Continue reading
Spu/Bonds rejected a retest of the ORL pattern. I went to great pains this A.M. to link this pattern to GOOG. USH…march Bond Futures break out to the upside over 133.29. TLT…would need a close over 107.40. EURO…Bears can sell … Continue reading
Bunds…German 10 yr. Bond…is coming into weekly support @ 144.24. Sell rallies not breaks. 30 yr. Bonds…need to maintain under 144 for lower. TBT…tried the resistance @ 66 again. That is qtrly resistance and the upside closing pivot. USD/JPY…103 is … Continue reading
Spu’s…1592.50-1593.30 is support. Gold…needs over 1486 or under 1440 for a new signal. 1536-39 isgood low risk resistance. Lower retests are 1420 followed by 1400. Silver…24.30 is resistance and the upside pivot. Buy stops are 24.80 which could lead to … Continue reading
CAT…is attempting an ORH day. As long as this holds 82 on the breaks we’re looking for a test of 84.75 and then 86.30. GOOG…breaks out on the weekly charts with a close above 803. The risk on any long … Continue reading