Stocks.. IBM…put in an ORH month with a close over 186.25. Between 180-182 we’ll take a look at buying this. Spu’s…I’m a buyer @ 1810. Near term point & Figure support is 1834. Sustained price action above 1844 is … Continue reading
Stocks… Spu’s…resting sell stops are below 1760. CAT…has had a huge bounce from last Friday’s plunge to the 200 day mvg avg. This bounce looks completed. 94 is the short term tgt for this bounce. Bonds… 30 yr. Bonds…134.24 is … Continue reading
I will be out of office for the next couple of days for some scheduled body maintenance. I will not be writing, answering calls or returning e-mails until at least Thursday General Comments or Valuable Insight Many of the World … Continue reading
Stocks.. EWP…Spain…33.07 is potential double top level on a monthly chart, however once maintaining and closing over this area, look for an initial test of 34.65 with much higher long term tgt’s. 31.75 is the buy level In Spain on … Continue reading
Stocks.. Spu’s…1680.50 is near resistance. 1665 is support. Nasd 100… 3200 should be sticky the first time up. This is just not a level to buy strength. Bonds… Bunds…are very oversold. 30 yr…tgt’s and resistance remain the same. Italian 10 … Continue reading
Stocks.. Spu’s…by maintaining higher on the week we’re looking for this to move in 30 point increments with 1657 the next tgt level. 1636-42 is short term resistance and not an area to buy strength into the first time up. … Continue reading
Stocks.. Spu’s…1565 is the over run level I’m looking for to buy. SPY…158.60 followed by 155.60 SDS…has to close Friday over 41.50 to show a good low has been put in. Nikkei…12,500 held DAX…8000 held Bonds… Bunds…143.75 is resistance and … Continue reading
30 yr. Bonds..147.12-15 is support and the downside pivot. Bunds..145.32 is support. Only a close below 144.85 changes the picture. Italian 10 Yr…144.38 +- a few is the hold area. Sell stops rest @ 144.23 with 113.67 being support and … Continue reading
30 yr. Bonds..149.11 is the next level. Euro…129.60 is support. I wouldn’t look for much under 129.40 on an initial push. AUD/JPY…100.75 is intermediate support. The weekly shows a test of 99.20 is possible by not recovering back over 101.25. … Continue reading
SPU/BOND…spread is dead on the 18 day mvg avg. 30 yr. Bonds…144.07-09 is near term support. A close below 143.20 is needed to get something going on the downside. A close over 145.07-10 is needed for higher. Bunds…need a close … Continue reading