Stocks… CMG…this is where the day traders are playing. 516 83 will be pivotal. Anything into 500 can trap shorts. GOOGL…weakens below 760. AMZN…weakens below 660. Spu’s…weaken under 2064. Nikkei…breaks down under 19,380. December Futures expire Thursday. Bonds… Bund…the Dec … Continue reading
Stocks… AAPL…117.50 is the low risk buy level. Nasd 100…4882 is the 2000 high. The talking heads are myopically focused on the cash, when it’s the continuation Futures prices that matter. A hold in the Indices after the fed Wednesday … Continue reading
Stocks… Spu’s…2065.50 is the weekly ORL # and today’s 50 year line. Do not over trade this level. This will be an end of day game to see if the chart patterns can be saved. Nasd 100…4620 is the weekly … Continue reading
Stocks… Spu’s…will need under 2076 for downside. The upside remains the same. DAX…held it’s 200 DMA on yesterday’s low. Bonds… FX… Euro…106.20 is resistance. Above, there is not much until 107. With a positive take on easing Euro could … Continue reading
Stocks… Spy & QQQ gave sell signals yesterday. GOOGL & AAPL are stalling out with sell signals. DIS…gave a sell signal yesterday. I should’ve listened to my 12 yr. old review of the last Hunger games installment. She was distressed … Continue reading
Stocks… Nasd 100…resting sell stops are @ 4652 with a close below 4647 needed for downside to materialize. Spu’s… weaken below 2074. Bonds … 30 yr….failed shy of my sell level on Friday @ 155.10. 154.01 is mvg avg support. … Continue reading
Stocks… Spu’s…spiked it’s 50 DMA @ 2002 and reversed. 2047 is resistance. Nasd 100…4523 is first resistance, followed by 4563 (Friday’s breakdown level) Nikkei…19,395 is the 200 DMA. This is the only Index holding it’s averages with a big early … Continue reading
Stocks… Spu’s…support starts @ 2020. Nasd 100…near term sell stops are @ 4562 looking for a test of 4530. Nikkei…19,395 is the 200 DMA. This is the only Index holding it’s averages. NFLX & GE…both put in ORL days. FIT…is … Continue reading
Stocks… Spu’s…short term sell stops are below 2064 support which if elected would open the way for a retest of the 200 DMA and unchanged on the Year in the Mid 50’s. Nasd 100…4659-65 is now resistance, yesterday’s ORL level. … Continue reading
Stocks… Spu’s…sustained price action under 2081 is still needed to budge the Bulls. Nasd 100…4659-65 is short term support and the downside pivot. DXJ…55.12 is the closing hurdle for upside follow through. WTW…the fat lady is singing. A pull back … Continue reading