Stocks… Spu’s…only come under pressure with price action below 2112, Monday’s London Low. DAX…11,852 is mvg avg resistance. Closes over 12,000 starts a new leg up. HEDJ…66.20 is the matching #. Spu’s,Nasd 100 & QLD put in ORH days. … Continue reading
The DAX looks to have bottomed for a bit. HEDJ… has rejected yesterday’s negative technical pattern. This should go up and test 65.60 if it’s good. Closing over 66.20 should be considered a resumption of the trend. Metals & Miners…Silver … Continue reading
Stocks… Spu’s…2044 is the weekly hold # and the closing downside pivot for more weakness. Downside support is 2024 followed by the 200 DMA just below 2000. Spu’s need recovery over 2044 for a start. Nasd 100…4333…4285…4265; these are the … Continue reading
ETF Traders & Portfolio managers.. HEDJ…Long European Equities with a short Euro hedge. The Risk is a close back under the 200DMA @ 56.40 DXJ…Long Nikkei with a short Yen hedge. The risk is a close under 49.50. They are … Continue reading
Stocks… Targets remain the same. DAX…94.77-95.15 is weekly resistance and the closing upside pivot. Now that we’ve broken above this zone I’m looking to buy a 100 point pull back HEDJ…56.60 is the buy zone for this ETF. Buy breaks … Continue reading