Stocks… Spu/Bonds…the low yesterday matched the yearly uptrend line and cloud support. The spread either holds here or it takes a dive. SPU’s…the 200 DMA is @ 1903. The weekly support line we’ve held all year comes in at 1912 … Continue reading
Stocks… Nasd 100…4016 is resistance. 3948 is weekly support. FB…could go as low as 75.40 and snap back, however a close tomorrow under 75.95 will have this name heading south for as much as a 10% correction. VIX…17.50 is weekly … Continue reading
The qtrly Equity Index charts are pretty ugly. I’m looking for 1875 +- a few in the Spu’s & 3800 Nasd 100. Closes over 1954 in the Spu is the only thing that will negate the targets. USD/JPY….is trying to … Continue reading
Stocks… IWM…put in an ORL month. Russell continues to be the dog with fleas. 107.44 is the next set of macro sell stops. If these get elected look for another 8% down. SPU’s…sustained price action and a close under 1954 … Continue reading
Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 filled my downside objective for this move. Price action and a close … Continue reading
Path of least resistance going into qtr end is up. Lower lows at the 50 DMA in the Nasd 100 & Spu’s have held. LNG could catch a bid going into tomorrow. GOPRO has hit it’s tgt at 90. F…Ford … Continue reading
Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 filled my downside objective for this move. Price action and a close … Continue reading
Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 fills my downside objective for this move. 1973-4 is mvg avg resistance. … Continue reading
Stocks… DIG…74.75 is monthly support. 78.31 is resistance and the Monthly ORL #. DAX…by staying below 9730, look for Dax to break in 80-100 point increments. 9560 is today’s 200 DMA. Nasd 100…has to close over 4080 mvg avg resistance … Continue reading
Stocks… COP…put in an ORH day running right into intermediate trend resistance. A close over 80.10 is needed to confirm the pattern. Nasd 100…still looking for a test of 3970 (U) 3962 (Z) Bonds … 30 yr. Bonds…(Z) 138.30 is … Continue reading