Stocks… Nasd 100…4074 should be used for early market tone. 4103 is resistance. Closes over 4120 are needed to start a whole new Bull leg higher into year end. SPU’s…put in an ORH day yesterday. Closes over 2022 start another … Continue reading
Stocks… Spu’s…price action under 1960 support is needed to unnerve the Bulls. Nasd 100…4074 should be used for early market tone. 4103 is resistance. Closes over 4120 are needed to start a whole new Bull leg higher into year end. … Continue reading
Stocks… DAX…A close above 9110 should be treated as an upside break out. XLE…looks positive. DIG…has been lagging XLE. Sustained price action and a close over 65.00 is an upside breakout. Look to play these ETF’s form the long side … Continue reading
Stocks… Spu’s & Nasd are both higher on the month. if they maintain higher after tomorrow’s Fed Minutes release, look for this to continue into Friday’s close. Bonds … 30 Yr. Futures…need back under 141.12 close to head lower. Price … Continue reading
They’ve tried the Equity Indices both ways and have pretty much run out all the short term money. All long Dollar trades are being unwound. I’m going to give the Euro into tonight to stop rallying or I’m checking out … Continue reading
Stocks… SPU’s …need sustained price action back under 1954 to weaken. 1972 is today’s resistance and closing upside pivot. GOOGL…needs sustained price action and a close over 591 to held propel the indices higher.VIX…13.55 is support where the 50 & … Continue reading
Grains Soybeans are attempting an ORH day with a close over 9.902. A close over $10 could signal a good short covering rally. JJG…needs a close over 35.45 for a similar pattern. OIL…93.13 is short term trend resistance and the … Continue reading
JJG…38.58 is last months close. Price action and a close over 38.80 is needed to signal a short term bounce. Corn…is oversold and is attempting to rally. (Z) could rally to 3.796 resistance. This is also the upside closing pivot … Continue reading
Stocks… IWM…113.22 is support and the low risk buy zone this week. Closes over 117.50 is needed to signal a new push higher. Bonds 30 yr. Bonds…136.17 is first support @ the 50 DMA TLT…112.95 is near term support. FX… … Continue reading