AAPL…588.70 is the 200 day mvg avg. CAT…86.04 is last months close and puts this instrument basically sideways for the past 5 months MMM…90.46 is the monthly ORL # IBM…193.25 is the monthly ORL #
MMM…84.19 ( 200 day) 83.50 is monthly support GDX…looking for the stops to get elected under 39.08…then 38.24 CAT…75.80 is Fib support. 72 is the Monthly level. OXY…78.90…74.30 It’s a long day…markets should stay under pressure into London’s close. Time … Continue reading
Welcome to the mid-week shuffle. 30 yr. Bonds…148.07 (M) 147.19(U) is near term support. Spu’s …the Sept needs to sustain above 1322 ish to rally. Bunds…could go as 140.70 and hold..this will be a key monthly closing level. A close … Continue reading
Spu’s…1320 is the first 30% from last months high Nasd… 2560 is the same level. XLE.64.60-70 CAT…88.50 ECA…21.15-18…closing above tgt’s 21.90 MMM…84…then 84.50 IBM…by maintaining and closing over 192.90 the next tgt is 195.40 The rest of the day will … Continue reading
Here is another Multi National A close over 88.10 puts in an ORH day. Another Bullish pattern.
We have many similar chart patterns forming. Here are some names that are looking good to us. Those wishing to increase Risk can review some of these names w/the commensurate stops. FFIV …Five networks with a stop against today’s low SMH….Semiconductor Etf..stop … Continue reading
It’s gonna be an interesting end of day game. OIL (CLH12)…98.43 3M….86.42 DE….86.34 XLI…36 Silver..33.03 Platinum…1601 GS…Hit tgt of 112.50 The stock rotation has been prolific again today…let’s see who wins
86.42 becomes the pivotal level for 3M. A close below would put in an ORL day. Watch late day for general market tone
Investors who wish to be involved with individual instruments should consider IBM,MMM,Cat,OXY,XOM,JNJ to name a few. The Grain names have already bottomed. The trade location is not good in this sector, however a close over 68.30 in MON ( 200 … Continue reading