Path of least resistance going into qtr end is up. Lower lows at the 50 DMA in the Nasd 100 & Spu’s have held. LNG could catch a bid going into tomorrow. GOPRO has hit it’s tgt at 90. F…Ford … Continue reading
SSO…119.58 is support. A close over 121.00 ( resistance and the upside momentum # is needed to confirm the low. LNG…80.36 was last months close. This is a pivotal area. Good above/ negative below. AAPL…102.14 is the closing upside pivot … Continue reading
SSO…119.58 is support. A close over 121.00 ( resistance and the upside momentum # is needed to confirm the low. LNG…80.36 was last months close. This is a pivotal area. Good above/ negative below. AAPL…102.14 is the closing upside pivot … Continue reading
Are you light in the shorts? Need to have more upside exposure? Here is a partial list of where to start looking. SSO…Sept 14 120 or 120.50 calls QLD…Sept 14 127 calls LNG…Sept.14 85 calls TSLA…Sept.14 270 calls GILD…Sept.14 105 … Continue reading
Stocks… Dax…Hit big resistance just shy of 9700 yesterday. This still seems to be the lowest risk Equity Index short given the defined out. Nasd 100…put in an ORL day. Sustained price action and a close over 4095 would lead … Continue reading
Stocks… SMH…put in an ORH day. Look for some upside follow through. A close today over 51.17 will put in an ORH Month WDAY…looks like it’s going to try to put in an ORL week, however 85.20-84.77 is major support … Continue reading
Stocks… Spu’s…need over 1954 to rally anywhere. 1931 is the weekly ORL# on a daily chart, not a continuation. Nevertheless, that is what is needed for weakness. LNG…the end of month marking started yesterday. GPRO… this was a classic opening … Continue reading
Stocks… VIX…12.50 is the 50 DMA. 12.90 looks to be the momentum # and upside pivot.14.00 is the 200 DMA and the next significant level. LNG…put in an ORL day. Price recovery over 67.40 will be needed to negate the … Continue reading
Stocks… IBB…put in an ORH day. The weekly has room to move toward initial resistance around 260. UNH…had a big hold at the 50 DMA yesterday. Sustained price action and a close over 79.40 will attract buyers for a run … Continue reading