Tag Archives: IBB
A.M. Look 12/22/14
Stocks… Spu’s…as long as 2060 holds on breaks downside is limited. 2020’s would be a gift to buy Spu going into year end. Nasd 100…4258 is support and the downside pivot. Below you could see a 40-50 point break. … Continue reading
A.M. Look 12/17/14
Stocks… Spu’s…(H) need to close above 1992 for bottoming action.(Z) Dec. level is 2000, they’re respective 50 DMA’s. 2022 is the qtrly Dec ORH # in DEC. (the level it failed at yesterday) 1995 is the Monthly ORL # which … Continue reading
Midday Missive
Time for all Longs to assess their holdings. Biotech has been a counterweight to Oil & related Energy name weakness all A.M. EUR/JPY held a big technical level, led by Euro strength. VIX…13.80 is 200 DMA resistance. Look to match … Continue reading
Midday Missive
IWM & MVV are both looking good. IBB…gains upside momentum with a close over 295. BIIB…Biogen is attempting an ORH day with a close over 325. This level will be an important reistance and closing upside pivot level the rest … Continue reading
Midday Missive
All the bears think today into tomorrow is the high for another swan dive. I’m not in that camp. The Equity indices will be about how and where they hold on a pullback today into tomorrow, for I doubt you’ll … Continue reading
Midday Missive
TWTR…tweeters can buy Twitter with a stop below today’s low to see how far it can rally. 44.70 is first resistance. IBB…299 is the first upside swing count off the monthly ORH pattern currently in play. TWX…a close today above … Continue reading
A.M. Look 10/21/14
Stocks… Spu’s…1904 the 200DMA was good for a 20 point move off the China PMI data last night. I’m looking for the Indices to rally into tomorrow. Technicians are watching the downtrend line that comes in @ app 1930 to … Continue reading
The late Show
Stick to the names and sectors that have been leading. IBB & XLV are the sector ETF’s that look good. GOOGL…breaks out to the upside with a close over 591. This will propel the the Indices higher. Some of the … Continue reading
Midday Missive
Spu’s…just double topped on the Point & Figure chart. All new price action is needed over today’s high for more up. Spu’s have to close below 1995 to think there will be any pattern damage. It will be a late … Continue reading
Midday Missive
GOOGL…gains upside momentum over 590. EXPE…has room for another couple of dollars to the upside. ORCL…I like Oracle as a low volatility long. As long as there is no close below 40 the pattern remains constructive. XLK…above 39.54 expect a … Continue reading