Stocks.. BAC…is putting in an ORH week with a close over 15.79. While the pattern looks good I am not a fan of chasing this strength. LNG…as long as this holds above 42.40 close I’m a fan. Spu’s…a … Continue reading
DXJ is attempting an ORL week to the downside with a close tomorrow under 49.41. While this could bottom going into tomorrow and go right back up, I’m sticking to my trading plan and the 49 stop on close . … Continue reading
Stocks.. Spu’s…sustaining and closing under 1793.50 today could lead to a descent sell off. ( 96.52) SSO. TBT…78 should just about line up with the 131 level in the 30 Yr Futures. Closing over this level will confirm a new … Continue reading
Food for thought… Friday is month end. U.S. trading will be left to one guy ( low man on the totem pole) in the office, flipping the power switch on and off for the machines. Sunday night into early Monday … Continue reading
GOOG…remains positive over 1025 with an eventual run just shy of 1100. XOM…95.49 is the qtrly ORH #. This level will run the next swings. Above, we’re looking for this to move to 100. LNG…has been a market stalwart for … Continue reading
Spu’s…sell stops are @ 1755.75 today’s ORL#. The weekly # is 1747. There is presently a double top on the point & figure EURO…the low is in for a while. 132.90 is the 50% retrace for the past two years. … Continue reading
Stocks.. Spu‘s…1682.50-1683.50 is support and the downside pivot. Nasd 100…needs a close over 3240 for higher. DAX…8665-80 will be the pivot Bonds30 yr. Bonds…132.15 -18 is the support zone.Bund…by holding above 140 this has the potential for another 200 hundred … Continue reading
AAPL…472-478 is the support zone. LNG…has been a favorite on breaks all year. Buy any big pullback. This should maintain above 31 for the foreseeable future.We’re expecting at least a test of the old high of 33.83. Very long term … Continue reading
OIH…48.25-30 is the big macro closing resistance area. GOOG…897 is the closing pivot. As long as this remains above you can see a rally towards 950 going into month end IBM…looks cheap compared to a lot of the board. This … Continue reading
Surrogates trades would include ECA,CHK,DVN,CBI,LNG