Tag Archives: IWM
Midday Missive
They tried the Equity indices both ways early. Now what? The retest of the 3754 qtrly level in the NASDAQ ( the failure to get all the way down there) + the low in the IWM will give hope to … Continue reading
Midday Missive…W/EURO TRADE ALERT!
The Russell and the Midcap are gaining on the Nasd & Spu. I would expect that to be the case today particularly with the ORH week in the IWM. Brent…resting buy stops are over 109.87. Any $1 to $1-1/2 breaks … Continue reading
Copper
This bears watching today. The Pit session only has the chance for an ORH day with a close over 3.0970. This metal is attempting to bottom. I’ve looked at calls in COPX ( the Copper Miners) and the other associated … Continue reading
A.M. Look 5/27/14
Stocks… Nasd 100…we’re back to the March levels in Nasd. 3700 is resistance and the closing upside pivot. Price action today under 3675.75 will lead to profit taking by weak longs. Nikkei… is testing it’s 200 DMA (14,750). This is … Continue reading
A.M. Look 5/23/14
Stocks… Nikkei..is attempting an ORH week with a close over 14,490. DXJ…The lotto ticket for those looking for leverage on an upside breakout is the 47 or 47.50 “30 May Call” or the “June 6 Call”. Caveat Emptor…I’m not a … Continue reading
Midday Missive
GOOGL is one of the best looking names on the board. Sustaining over 544 would lead to a retest of the 50 DMA @ 554. The whole board is a Time Frame Lemming effect trade. The Russell does not act … Continue reading
A.M. Look 5/20/14
Stocks… Nasd 100…Point & Figure break out is above 3625. Sustaining above 3625 could get you another 50 points. IWM…is at a major inflection level after a 2 day rally into major mvg avg resistance. A close over 111.25 is … Continue reading
A.M. Look 5/14/14
Stocks… IWM…110.10-50 is support and the no sell zone. This is the area where the shorts can get spit out the first time down. Nasd 100…needs to get under 3597 for any downside to materialize. A close under 3460 is … Continue reading
A.M. Look 5/13/14
Stocks… IWM…114.40 resistance. A couple of closes over this level is needed for a test of the yearly highs. Nasd 100…longer term point & figure charts show that some work is needed to get through 3625-35.In fact this is where … Continue reading
A.M. Look 4/12/14
Stocks… KRU…the regional banks look to have bottomed. 82.50 is pivotal. price action over this level could lead to a test of 86. IWM…110.75 is 200 DMA resistance and the upside pivot. GOOG …put in an ORH day. GOOGL…just missed. … Continue reading