102 was the break out for the 25% rally. It should now act as near term support and a closing pivot. Given the RSI’s show very short term oversold, I’d use it as a barometer for the financials today. … Continue reading
The following are possible ORL candidates.. PCLN…747.14 AAPL…578.86 OXY… 91.20 CAT… 100.65 DE… 81.79 If you’re in these names pay attention to the late show today. GS …with sustained price action under 111, this looks to be headed towards the … Continue reading
BKX…held support @ 48 which matches up with the GS low of 112.77. Both these instruments need all new weakness under these levels for downside. SOX & SMH…both are trying to put in ORH days. JJG…for very long term investors, … Continue reading
A close below 115.40 in Goldman puts in an ORL Day. 110 ish is the next level.
Nasd 100 Futures..In the 3/2/12 A.M. Look we said, “We wouldn’t be surprised to see a 2800 Nasd”. In fact, they look to be on a mission to print 2839, a move 10 years in the making. This is a … Continue reading
The game for the next 2 weeks is going to find low risk Alpha. “Find the names where you can codify your risk ” ( Have a defined stop) and see if you can ride the capital flow trade into … Continue reading
A close today under 103.10 will put in an ORL day in OXY. Closing below 102.63 ( unchanged on the week) will have us looking for a bigger correction. Yesterday, late in the day, we recommended lightening up in OXY … Continue reading
It’s gonna be an interesting end of day game. OIL (CLH12)…98.43 3M….86.42 DE….86.34 XLI…36 Silver..33.03 Platinum…1601 GS…Hit tgt of 112.50 The stock rotation has been prolific again today…let’s see who wins
Many instruments such as AAPL, GS ect have hit their short term upside target’s or elected the Buy stops over recent highs. Now the metal of the market will be tested. Can the breaks hold? 426.30 AAPL, 622 Goog are … Continue reading