Stocks… Spu’s…need new strength over 1954-56 for more upside. 1st support is 1931-34. FB…Needs new closing strength over 66.60 for another move higher. TWTR…34.55 is near support. On the daily chart this looks poised to test the 50 DMA @ … Continue reading
World interest rates are in play with the Italian 10 leading the the peripherals lower against the Bund ( German 10 Yr.) DAX…97.28-40 is pattern resistance and the closing upside pivot. Midcap 400 Futures….(EMDM) I would need a close over … Continue reading
Stocks… Nikkei…is putting in an ORl day. This is not a pattern I’d look to take given the current RSI’s which show it’s getting oversold on the daily chart. Nasd 100…3590 will be pivotal. We’re in Rally mode by maintaining … Continue reading
Dax is done rallying for a while with a potential ORL day. Euro…price action above 137.33 will run out all the weak shorts. Italian 10 yr…the Italian Bonds have blown off. EUR/AUD…is attempting an ORH day. This is still a … Continue reading
The Italian Bonds have blown off, hence the bounce in the Euro. Spu/Bond…is closing in on the 200 DMA. Do not press shorts in the Equity Indices here, nor chase the Bond rally!!!!
Most world Bond markets are on a tear led by the Italian 10 yr. ( lower rates) The Gilts look like a positive bargain compared to some of the other interest rate futures. 30 Yr….132.12 will be pivotal the rest … Continue reading
Stocks… VIX…needs above 15.15 to rally to 15.84. The weekly buy stops are at 16.40 with 16.64 being weekly closing resistance. Nasd 100…3545-50 is today’s support and the next inflection level. The weekly breakdown level is 3576. Closing below here … Continue reading
Stocks… Spu’s…(H) Put in an ORL day. 1st support is 1858. This either holds right away or expect a test of 1849-51. Nasd 100.. (H) price recovery back over 3689 is needed to avoid a test of the 3630’s Dax … Continue reading
Stocks… Nasd 100…3633 is closing support. EWA…The Aussie shares have been on a tear. 25.18-36 is the closing resistance level. EWA could retest support @ 24.25 the lowest risk buy zone. Maintaining closes over 24.62 (the Monthly ORH#) is key … Continue reading