Spu’s, Dax, Nasd 100, NFLX,IBB have all hit resistance and their upside closing pivots. This is not the time not the place to press direction in the Indices. Pay attention to the 30 yr. Bonds for their weakness translates into … Continue reading
Stocks… NFLX…A close above 353 is needed for more upside. JPM…55.55 is resistance and the upside pivot. Watch for market tone in the financials. It’s short-term oversold. Midcap 400 ( MVV)….are into resistance. Bonds 30 yr….133.16-18 will be pivotal. TBT…66.24 … Continue reading
TSLA…246 is resistance and the upside pivot EBAY…58.31 is resistance and the upside pivot PCLN…1349 is resistance and the upside pivot IBB …265.40 is resistance and the upside pivot NFLX… 444 is resistance and the upside pivot JPM…58.19 is resistance … Continue reading
30 yr. bonds…133.11 is today’s 200 day daily continuation mvg avg support zone. USD/JPY…102.70 is the weekly ORL # (app 97.37 Futures), today’s opening range. Euro…138.24 is a potential double top. All new price action over this area is needed … Continue reading
Stocks… Nasd 100…3633 is closing support. JPM & COF put in ORH days. The financials are starting to catch a bid. XLF… came close to an ORH day and the chart pattern looks positive. Bonds.. 30 yr. Bonds… are currently … Continue reading
Stocks… Spu’s…I’m looking to buy around 1730 with a very tight stop. Presently, the Spu’s are holding point & figure support @ 1770. Yesterdays low was a normal standard deviation move for the Spu’s of 80 points. I’d like to … Continue reading
MVV…Midcap is the value trade. Buy stops are over Friday’s high of 121.25. Investors are rotating into the Midcaps for value opportunities. Capital flow 101…You had the expected income averaging from the Mutual Funds after today’s opening which lasted app … Continue reading
Stocks.. TLT…two closes over 107.85 resistance will lead to a test of 113. JPM…50.25 remains support. A close above 52 is needed for more upside. Nikkei…14,400 is support and the closing downside pivot. Bonds 30 yr. Bonds…133.31-134.04 is next resistance. … Continue reading
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
Nikkei…15,210 is our near term upside tgt. Two consecutive days closing over this level will lead to a test of 16,300. TM..(Toyota)…there are resting buy stops over 128.33-50. This should lead to a test of 134.30. This is a surrogate … Continue reading