Stocks… AAPL…529 is the key resistance and the upside closing pivot. NFLX…closing over 331 projects another 20 dollars higher. NFLX is attempting an ORH month as long as it holds 320 on breaks. Nasd 100…is trading @ the 2/3rds of … Continue reading
We’re looking for low risk names where we can define our risk. IBM…I like last weeks bottoming action. A close over 186.80 is needed to confirm the low and buy the strength. GS…Goldman earnings come out before the opening tomorrow. … Continue reading
Stocks.. Spu’s…are trading near resistance. 1665-66. Nasd 100…3175-81 is resistance. Bonds 30 yr…. is trading close to support. Only closing under 131.28 would have me take a second look FX… USD/JPY…98.20 (101.90 ish) is Yen support Commodities… OIL…resting sell stops … Continue reading
We’re not getting any love from this position. The only thing that has me wanting to keep this is the major puke in all the momentum stocks. VIX…22 is next resistance and tgt. Above that you’re looking at 28. The … Continue reading
Stocks… EWG…needs to maintain and close above 28.03 by the end of the week for higher. EWP…closing and maintaining over 35.50 is the upside breakout for Spain. As long as this ETF holds 34.75 things are looking up. EWZ…47.95 is … Continue reading
Stocks.. GS…149.28-148.71 are where the macro sell stops lie with 147 being the 200 day which should bounce on an overrun the first time down. GOOG…847-844 is weekly and monthly support and the macro downside closing pivot. Look for a … Continue reading
Natgas infrastructure names and Tech & Banks are leading. NFLX…197-200 will be pivotal and a big closing level. GOOG…should start doing $40 dollar swings to the upside as long as it maintains over 826. A complete swing will tgt close … Continue reading
GS..is breaking out to the upside on the daily maps. This is a buy against today’s low into month end. The Transports (IYT) are breaking out as well. We are Bullish the Equities into month end.
Keep your eyes on the Vampire Squid. This just put in a “lower low” to nowhere and is reversing. Price action above 142 screws all the shorts again. 142 will be a pivotal level for both GS and the Indices
GS…just elected the weekly stops below 141.78. The next set of stops are below 140.34. Look for a test of 138.20 if we don’t recover above 142 today. AAPL…has finally failed below 419. Failure to regain traction above the level … Continue reading