Stocks… It’s all about where the breaks hold. Spu’s…2081 is the low risk buy #. Nasd 100…4690 is today’s short term barometer. Good above/Weak below. 4677 is today’s ORL # Bonds … 30 Yr. Bonds…153.22 is weekly mvg … Continue reading
Stocks… Nasd 100… 4555 is the low risk buy zone. Closing and holding above 4686 is needed for a test of the all time high of 4882. DAX…holding above 10,927 will keep the Dax firm. Spu’s…are now caught between … Continue reading
Stocks… Spu’s… 8/19/15 high we broke from was 2093.25. It was Mid-week high. Note should be taken at yesterday’s index lows ( SPU’s 2073.50 & Nasd 100 4642.75) which would be today’s ORL #’s. These are the panic levels for … Continue reading
China cut rates by a quarter of a point last night. Along with the tech companies all up app 10% on earnings. You could see a little profit taking after the U.S. opens in specific names but I doubt it … Continue reading
Stocks… Bonds … No desire to be short! FX… Commodities… OIL.. 46.30-40 is near term resistance. Closing under 44.97 ( the 50 DMA) will bring out the bears. Gold…I got stopped out at break-even. I remain bearish the metal … Continue reading
Let me add a little clarity to my message this A.M. When I get the red dots on the charts it is a “warning sign” that you should not be buying strength.What matters is when I get a red arrow … Continue reading
Stocks… Nasd 100…4384 is support and the downside pivot. Bonds … No desire to be short FX… EURO…113.20 is support. Equities down has been positive Euro. Commodities… OIL..47.20 is resistance. General Comments or Valuable Insight Attached is my … Continue reading
Stocks… Nasd 100…4390 is closing resistance. Spu’s… We’ll need to see sustained price action and a close over 2012 to grind higher. Daily resistance will come in around 2002-3. Selling weakness starting @ 1188 down to 1978 will be problematic. … Continue reading
Stocks… Nasd 100…4390 is resistance. Spu’s…we’re stuck. We’ll need to see sustained price action and a close over 2012 to grind higher. Bonds … FX… AUD/USD…point & figure shows a good close over 74 cents is needed for higher. … Continue reading
Stocks… Nasd 100…4390 is resistance. Spu’s…we’re stuck. We’ll need to see sustained price action and a close over 2012 to grind higher. Bonds … 30 Yr. Bonds…Price action back above 157.07-13 will have the Bonds going back up. FX… … Continue reading