Tag Archives: IYT
Dow Transports
Transports have a potential double top on a weekly chart @ 136.90. Today’s ORL# is 134.74. A close today below this level is a negative indicator. More Risk Off.
A.M. Look 3/5/14
Stocks… IYT…134.58 is resistance and the upside closing pivot. QCOM…sustained price action and a close over 76.75 is needed for a move to 83. DIS…81.59 will be pivotal the rest of the week. LNG…50.69 will be pivotal the rest of … Continue reading
Midday Missive
IYT…a close today below 130.40 puts in an ORL day. MMM…a close today below 138.03 puts in an ORL day. GS…our upside tgt from last year was 182. Close enough.. DDD…3D systems, a close today below 94.11 puts in an … Continue reading
Equities
They’ve held for now… You can buy the Spu’s or the SSO with a stop at today’s low looking for upside follow through into month end. The most important aspect of buying these dips in here is you know exactly … Continue reading
A.M. Look 8/26/13
Stocks.. JJG…looks to test 47.90. Closing over 48.30 will start another leg up. TBT…78.78 is next fib support. The match it up with the 30 yr. levels. EWZ…sustaining and closing over 43.90 resistance, will lead to further gains. IYT…116.00 is … Continue reading
Midday Missive
We’re back at the 18 day again in the spread! Pay attention to your individual technical s in the Spu & Bonds.. Spu’s are an opening range trade. Trade the Time frames. Weekly sell stops are 1676.50. Nikkei… is breaking … Continue reading
Midday Missive
SPU’s…Every technician is looking at a potential double top @ 1679.50. Resting short term stops are 1669.75. You would need a close below 1667.50 to get me interested in picking a short term high. IYT…114.64 is today’s ORL #. A … Continue reading
Midday Missive
The Transports are attempting a hold. A rally to 110 would not be surprising over the next 2 days. The whole board is trading off the 30 Yr. Bond Futures. A new low in today’s day session would be suspect. … Continue reading
S&P 500 & Nasd 100 Futures + Trailing Stops
Nasd 100 …2980 is the ORL # today Spu‘s…we would need a close under 1647 for this to be considered as a short term trend change. QQQ…shows a potential double top @ 73.74, however you’d need to see price action … Continue reading
A.M. Look 5/10/13
USD/JPY…is poking it’s head up on the monthly, which could lead to the Yen eventually moving to the 107 area and beyond. In the meantime were at multi year levels in USD/JPY and EUR/JPY which will make me reticent to … Continue reading