Tag Archives: IYT
Goldman Sachs
GS..is breaking out to the upside on the daily maps. This is a buy against today’s low into month end. The Transports (IYT) are breaking out as well. We are Bullish the Equities into month end.
CAT…GOOG…AAPL…TM
CAT…is attempting an ORH day. As long as this holds 82 on the breaks we’re looking for a test of 84.75 and then 86.30. GOOG…breaks out on the weekly charts with a close above 803. The risk on any long … Continue reading
Midday Missive
Nasd 100…closing over 2772 will negate Friday’s bearish pattern. Oil…will be the next to catch a bid. Time to start a long position!! Futures Traders…the risk is under today’s low. IYT…The transports have wood. BKX…gives an upside breakout on a … Continue reading
A.M. Look 4/8/13
EUR/JPY…128.60 ish can reject the first time up. As long as this remains over 126 we’re looking for a test of 132 , however 128.60 is our first tgt level from the 123.30 weekly breakout when we said this could … Continue reading
IYT_-_iShares_DJ_Transportation_Average_Index_Daily.gif
Sustained price action and a close under 110.25 is needed for the Transports to rollover. This has been a leader for the entire rally. Watch for general market tone.
IYT…Transports
The Transport s and Financials led the up. This is a go or no go level in the Transport s. 108.08-107.66 is the bear trap level the first time down. Currency traders…it’s a Risk Off/Risk On paradigm. Act accordingly.
Food for Thought
JJG…is stuck…This instrument needs a close over 52.60 or under 51 for new direction. VIX…is coming into resistance. TBT…66.60 is trad able support CAT…today’s low is good for now, however this needs back over 90 to see more upside. AAPL…we’ve … Continue reading
A.M. Look 3/5/13
Spu/Bond…is trading once gain at a key mvg avg that broke the Spu’s 40 points the last time it failed at the avg..It’s not an inconsequential level. One again it will act as a big mkt pivot. 30 yr. Bonds…point … Continue reading
IYT_-_iShares_DJ_Transportation_Average_Index_Daily.gif
For all you DOW theorists, a close above 90.25 is price positive.
Dow Transports….OIL…XOM…AAPL
Enclosed are a few charts we think will prove to be important the rest of the week. IYT…Transports are near channel resistance matching the 50 day in the Spu’s Spu’s…still need to get over 1434 to run. Oil…the charts in … Continue reading