We’re looking to increase our Long weighting in the SSO on the close. We’ll be looking to add the DXJ on the close. Here is what looks good right now. GS,GOOG,IBB.XLV,F AAPL…needs a close over 522 for higher. F…Ford closing … Continue reading
Stocks.. DXJ…we’ll be looking to add this to our Risk portfolio if we see a close over 48.25 today. Bonds 30 yr. Bonds…although we saw a little rally from the expected bounce area yesterday into last night, it has not … Continue reading
BUY QQQ @ 82.80 “Stop Close Only“ Futures Traders…3365.50 is today’s ORH level in the Nasd 100. AMZN….should be monitored for market tone the rest of the day. 347.11 is current support and today’s closing breakdown #.
Stocks.. Nasd 100…shows a head & shoulders top formation on both the daily and weekly chart. 3250’s is the first place to look for a bounce. Recovery and a close over 3358 would have me thinking this was a one … Continue reading
Stocks.. Spu’s & Nasd both avoided ORL Patterns. I view this more as a function of the establishment, Long Only Crowd, painting the tape to keep the chart pattern alive. TBT…put in an ORH day with a close over 73.04. … Continue reading
Pit sessions….. SPU…sell stops and the ORL# is 1759.20 NASD 100…3369 All Sessions…. SPU… 1754.50 is the ORL. Nasd 100…3368.50 Closing below the All session #’s would put in an interim market top.
NASD 100…resting sell stops are @ 3342 the ORL#. SPU…1735 is the ORL# NFLX…needs to maintain above 336 close to see this as nothing more than a retest after hitting a major upside tgt @ 390. IBM…Raise the trailing stop … Continue reading
Stocks… AAPL…529 is the key resistance and the upside closing pivot. NFLX…closing over 331 projects another 20 dollars higher. NFLX is attempting an ORH month as long as it holds 320 on breaks. Nasd 100…is trading @ the 2/3rds of … Continue reading
We’re looking for low risk names where we can define our risk. IBM…I like last weeks bottoming action. A close over 186.80 is needed to confirm the low and buy the strength. GS…Goldman earnings come out before the opening tomorrow. … Continue reading
I’m not adding any risk going into the weekend. We’ll stand pat with the Aussie. Futures Traders can play Sunday night. Spu’s & Nasd Futures… holding and breaking out of the opening range to the upside Sunday can be played … Continue reading