So far names that have been holding a bid are AAPL, MSFT & CAT. Oil names have led the short covering in the Oil Futures. I would not get sucked into chasing strength in the Oil patch. I’m going to … Continue reading
Stocks… Nasd 100…4554 is first resistance. Bonds … 30 Yr. Bonds…157.28-30 is initial support. FX… GBP/USD…155.10 is resistance. Below there is room for a move to 153.80 the 200 DMA. AUD/USD…73.32 is support and the downside closing momentum #. NZD/USD…needs … Continue reading
https://www.youtube.com/watch?v=1gCre3x3wU0
The rest of the day will revolve around FB,NFLX & AMZN the three names that are bucking today’s trend.I’m not interested in chasing this strength given the general weakness in the Equity Indices. Nasd 100…the next support level is back … Continue reading
Stocks… Spu’s…2080 will act as support and the downside pivot. Nasd 100…4563 will be support and today’s momentum #. 4633-37 is closing resistance. All new strength over this level is needed for another leg up. Bonds … 30 Yr. Bonds…155.10 … Continue reading
Stocks… Spu’s…2080 will act as support and the downside pivot. Nasd 100…4540 is support. below look for a retest of 4508. PANW…184 is weekly momentum and the closing downside pivot. GOOGL…620 is support and the closing downside pivot. Bonds … … Continue reading
XLV & UNH are the only 2 things I want to own on the board. IYZ…the telecom I shares ETF is putting in as bottoming pattern, working on an ORH week. Closes over 30 is needed to confirm the pattern. … Continue reading
There is a big bottoming pattern now forming off the 7:30 ECI #’s. Sunday into Monday should prove interesting for pattern follow through. This is a massive capitulation of Long Dollar positions. The potential lows in the Aussie & Kiwi. … Continue reading
Stocks… Bonds … Bund…153.50 is support. 153.34 is today’s ORL #. FX… Euro…109.90-110.00 is resistance. EUR/JPY…could get pushed toward 137.00 going into the end of trading today. The feature is month end markings …Long Euro/Short commodity currencies Commodities… … Continue reading