Personally I think this will be another take it in the Shorts moment for the Risk off crowd. A likely scenario is the Indices hold the pattern. I’m not crazy about being short equities into month end. The Nasd … Continue reading
Nasd 100… is key. resting sell stops are @ 3668.50. Closing below this level will be price negative and very bullish bonds. TLT…looks headed towards 110 with a confirmation today from the “USAH” 30 yr. Bond Futures over it’s 200 … Continue reading
Stocks… Spu/Bonds & Spu’s…did not put in an ORH pattern. Spu’s… need over 1847 for higher, or 1836-37 for a push lower. Nasd 100…(ENQH4) all session put in an ORH pattern yesterday, however the NYSE ( Chicago Pit session) did … Continue reading
NFLX,GS,TSLA, EPH4, Spu/Bonds are all attempting ORH days. Today was a classic opening range trade in the Equities. Instruments opened on their lows broke out to the upside and kept going. Friday is month end. The swing count in the … Continue reading
Stocks… Nasd 100…3633 is closing support. NASDAQ leads, this is where all the social enabling and healthcare biotech names are. VIX…is holding support @ 14.25. Sustained price action above 16.80 is needed for a rally. XLI…needs to hold 51.30 for … Continue reading
Platinum… is at daily, weekly and monthly resistance. 1428 is the 200 day mvg avg. This is an exit zone or a level for day traders to try a contra trend trade with a couple of dollar stop to see … Continue reading
Stocks… Nasd 100…3633 is closing support. NASDAQ leads, this is where all the social enabling and healthcare biotech names are. Spu’s… are once again higher on the week and flirting with unchanged on the year. The later in the day … Continue reading
So much for the mid week break in equities. Despite the early jump in Vix it is rolling over. 14.22 is first support. Soybeans challenged it’s 200 mvg avg. 13.75. This is an exit zone. We saw some early stock … Continue reading
Stocks… Nasd 100…3633 is closing support. EWA…The Aussie shares have been on a tear. 25.18-36 is the closing resistance level. EWA could retest support @ 24.25 the lowest risk buy zone. Maintaining closes over 24.62 (the Monthly ORH#) is key … Continue reading
Gold… 1345 is weekly resistance Silver…22 is weekly resistance AGQ…77.40 is fib and mvg avg resistance. 83 is substantial resistance. GDXJ…42.78 is the weekly break out #. 46.40 is resistance. The metals are not something I wish to chase on … Continue reading