Tag Archives: GS
A.M. Look 3/5/14
Stocks… IYT…134.58 is resistance and the upside closing pivot. QCOM…sustained price action and a close over 76.75 is needed for a move to 83. DIS…81.59 will be pivotal the rest of the week. LNG…50.69 will be pivotal the rest of … Continue reading
A.M. Look 2/25/14
Stocks… Spu/Bonds & Spu’s…did not put in an ORH pattern. Spu’s… need over 1847 for higher, or 1836-37 for a push lower. Nasd 100…(ENQH4) all session put in an ORH pattern yesterday, however the NYSE ( Chicago Pit session) did … Continue reading
Midday Missive
NFLX,GS,TSLA, EPH4, Spu/Bonds are all attempting ORH days. Today was a classic opening range trade in the Equities. Instruments opened on their lows broke out to the upside and kept going. Friday is month end. The swing count in the … Continue reading
Midday Missive
XLE … resistance is 86.63. New closing strength is needs over 87 for Further upside. XLF…The financials are into resistance. COF …73+ a few looks to be good resistance. GS…still looks positive, but it will struggle to get over 166.25 … Continue reading
Midday Missive
Technology has the best looking charts. They are also following through from a technical perspective. AAPL…closing above 545 will start a whole new up leg. I can make a case for GS to bottom, however this is not the market … Continue reading
A.M. Look 2/10/14
Stocks… Nasd 100…3524 is support. SPU’s…still need closes over 1800 for higher. The first descent retrace is in the low 1770’s. GDX & GDXJ…have been creeping higher since Dec. They both look like they can rally another couple of dollars. … Continue reading
A.M. Look 1/28/14
Stocks… Spu’s…I’m looking to buy around 1730 with a very tight stop. Presently, the Spu’s are holding point & figure support @ 1770. Yesterdays low was a normal standard deviation move for the Spu’s of 80 points. I’d like to … Continue reading
ORL Pattern Explanation
Today into tomorrow is when I’m looking for market direction to be confirmed. Will the Equity Indices hold up or go into profit taking mode? Spu/Bond spread is Long Equities ( S&P 500 Index/Short 30 yr. Treasuries) This helps us … Continue reading
Pattern Alert Spu’s
SPU/BONDS,SSO & Spu’s are all flirting with their respective ORL #’s. This means it will be another late day trade to see if the bears can gain any traction. I personally doubt it. GS…traded down to the 50 day mvg … 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