Another day…another opening range trade. Spu’s get much below 2112 look for more red across the board. GPRO…the market darling has hit it’s 200DMA @ 57.90 which should cap that rally as well.
Stocks… DAX… The weekly ORH # is 9400, the level that needs to hold on a break. 9510 is today’s 200 DMA. All new closing strength over this resistance level is needed for a test of 9820. Midcap…needs over 14,3200 … Continue reading
Stocks… Spu’s…need a close under 2020 to see profit taking hit the Equity Indices in the U.S. Nikkei…needs to hold above 16,700 to not go into profit taking mode. Profit taking mode would give a bid to the Yen. DAX…91.83 … Continue reading
Path of least resistance going into qtr end is up. Lower lows at the 50 DMA in the Nasd 100 & Spu’s have held. LNG could catch a bid going into tomorrow. GOPRO has hit it’s tgt at 90. F…Ford … Continue reading
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
Stocks… AAPL…is breaking out to the upside on a qtrly chart above 95.30. I’m looking for another 10-15 % of upside. GPRO…Gopro is consolidating between 40.50 support and 45.25 resistance. These two levels will run the next swing. Spu’s…need a … Continue reading
Stocks… Spu’s…need over 1954 to rally anywhere. 1931 is the weekly ORL# on a daily chart, not a continuation. Nevertheless, that is what is needed for weakness. LNG…the end of month marking started yesterday. GPRO… this was a classic opening … Continue reading