Tag Archives: IBB
A.M. Look 9/24/15
Stocks… Spu’s…we saw a mid week rally to nowhere. Sell rallies. NASD 100… 4238 (unchanged on the year). Closing below would set off another wave of selling before the end of the qtr. DAX…new sell stops are below 9483 which … Continue reading
The Late Show
It’s the battle of the sectors between profit taking in healthcare and buying in the oil patch. There is no up in Nasdaq without healthcare. With IBB running out all the longs under it’s 200DMA @ 347, I only have … Continue reading
A.M. Look 9/8/15
Stocks… AAPL…needs a close over 112.50 resistance for upside momentum IBB…needs a close over 352 to break out of it’s recent range. Spu’s…resistance is 1969 with small stops over 1973.50 leading to a possible bull trap @ 1979 the first … Continue reading
A.M. Look 9/4/15
Stocks… AAPL…needs a close over 112.50 for upside. GOOGL…626 close is today’s hold #. IBB…336 will be pivotal all day. Spu’s…Point & Figure stops will be under 1916. 1957 is resistance. As of this writing you’d need to see sustained … Continue reading
A.M. Look 9/3/15
After today’s action I’ve now gotten buy signals in the SPC cash Nasd 100 Futures, Russell,Nikkei,FTSE & DAX. Nothing doing yet in the ASX or the Midcap 400. These signals simply tell us it’s time to buy the hard breaks … Continue reading
The Late Show
GOOGL & AMZN need to hold these levels to not see a big flush at the end of the day. IBB below 332 will be negative as well
A.M. Look 9/1/15
Stocks… Spu’s…1967.25 is closing resistance. Nasd 100…4238 and 4389 are the resistance levels. IBB…anything into 326 is a possible hold zone. Closing below is negative the indices. Closes back over 350 are needed to form up for a bullish pattern. … Continue reading
A.M. Look 8/28/15
Stocks… Spu’s…1967.25 (last weeks close) will be pivotal all day as it was yesterday. 2000 is the 50% Fib retrace level where bears will give it another go. Nasd 100…mvg avg resistance is 4388-95. Bonds … Bund…154.52 is resistance and … Continue reading
Midday Missive
It’s all in a name. The indices will be a nightmare to trade. The Nasd 100 will remain firm as long as IBB holds today’s low of 344 which is it’s 200 DMA. BBY…36.05 is the 200 DMA. Closes over … Continue reading
A.M. Look 8/25/15
Stocks… Spu’s…1950 will act as resistance. Anything over 1964 is an exit zone the first time up. Bonds … Bunds…153.82 is first fib support. FX… AUD/JPY…is pretty much the same chart as the Spu’s. 86.86, last night’s high,is first … Continue reading