Resting sell stops are below 768.40. This is a big weekly closing level. Since this level is the weekly ORL #, price action here will be difficult. Meaning, it can run the stops and come right back up, however maintaining … Continue reading
The lows are good in the Indices. All new price action is needed below today’s lows for any Risk Off. BRKA…would need sustained action under 154,683 for lower. GS…151.95 Goog…821.50 is near term support. This level needs to hold on … Continue reading
Yesterday we sent out the GDX chart. We showed the low risk buy level. A close today over 36.65 will put in a trad able low. Both Gold & Silver have held. Buy stops in the Gold are over 1587. … Continue reading
Welcome to the mid-week shuffle… GOOG…848-850 is the level to use for a contra trend trade. We’re looking at this level as a spot to match up with a high in the Spu’s for a reaction trade the first time … Continue reading
Both theĀ Gold & Silver have hit medium term support going into London’s close. The board is in retrace mode that we had expected to see Friday into Tuesday. Every instrument is doing it’s own thing retrace wise.. The key … Continue reading
745 is an important level, a retest of the yearly high. Short term, price action back below 742 will lead to profit taking and new shorts entering the market trading against the 745 “2013 high”. Closing over 742 “Friday” will … Continue reading
GOOG…696-697 is daily support. Putting on a position after earnings will be hazardous to your bottom line. “It will be after the fact, and you will be chasing direction” Punters…those that wish to bet on a miss should consider doing … Continue reading
GOOG…needs to sustain under 756 and close below 754.50 to see much profit taking. Only then can this impact the Stock Indices.
Everybody is loaded up long… This just put in a new high by 11 ticks from last Week,Month & Qtr… Meaning…double top land!!!!! This is the one to watch!!!!!!!!!!! It’s very overbought!!! This rolls over it’s AMF boys…
Natural stops reside under 599… 588 should provide a low risk buying opportunity the first time down.