Stocks… Spu’s..did the first swing and more yesterday all before London closed. 2033 is first support, however if below look for a test of the 200 DMA @ 2006. Nasd 100… 4261-65 is support. This is a cover zone the … Continue reading
Stocks… Spu’s…2095 will act as support. This level will be pivotal all week. Strong above/Weak below. AAL…gains upside momentum over 51.10. UA…put in ORH day on Friday. Upside follow through should test close to 80. AGIO…price action under 103.50 can … Continue reading
The path of least resistance is up the later in the day it gets. JPM & C are attempting ORH days. GS…is attempting an ORH day. A close over 190.20 would confirm the pattern. KBE… breaks out with a close … Continue reading
GS…needs over 181 for upside momentum. COST…147.50-146.80 is the low risk buy level today. CME…who needs humans when the bots will trade twice as much with 75% less liquidity. CME is attempting an ORH week. This looks set to test … Continue reading
Stocks… SPU’s…need a close above 2065 to start another leg higher. 2035 is pattern support. The point & figure shows congestion between 2061-2072. Let the market work through this level. It’s not a great spot to initiate new longs. Nasd … Continue reading
Goldman is down after earnings trading just below it’s 200 DMA. This will be a great opening range trade today. Look to pick this up after an initial flush lower. Anything under 175.70 or below the first time is a … Continue reading
OIL…remains under pressure. A close today under 74.70 either month is negative. 74.46 is long term mvg avg support. Once below look for a test of the 69-70 decade fib support. This will be a do not sell zone the … Continue reading
Euro…after failing @ 129.25, is on it’s way to 127.50. All dollar denominated commodities will remain offered except for the meats. USD/JPY…107.25 (93.20’s Futures) is the level you want to buy dollars and sell Yen, if and when it ever … Continue reading
Stocks… GS…177.25 was last years close. A close today above 182 puts in an ORH week, targeting 192 short term. Semi Annual resistance starts @ 189. By remaining above 177 GS should retest the 215 level it broke from in … Continue reading
Goldman,NFLX,PCLN & GOOGL are all coming into support matching the 1954 level in the Spu’s. DAX has reached weekly support, although the daily maps show another 50 points is possible. AAPL…would need a close under 94.10 for the world to … Continue reading