Stocks.. QQQ…76.05 is a level that can reject the first time up. The longer term upside tgt is 82 as long as 72 holds on breaks. Bonds… 30 yr….135.00 remains resistance and the upside pivot. FX… Euro…needs a close under … Continue reading
Nasd 100..wants to print 3044 the old high. Then you might see some profit taking. Spu’s…The next measured swing count is to 1687, however failing @ today’s opening range we would have to close under 1655 to signal a short … Continue reading
Stocks.. Spu’s…by maintaining higher on the week we’re looking for this to move in 30 point increments with 1657 the next tgt level. 1636-42 is short term resistance and not an area to buy strength into the first time up. … Continue reading
Stocks.. No change…Spu’s & Nasd have given me all the expected price action I’ve been waiting to see going into qtr end. (They’ve both hit all my # sets) Range trading should prevail. Bonds… 30 yr. Bonds…136.06 + a couple … Continue reading
30 Yr. Bonds…135.00 + a few is matching Fib support. This is big swing stuff. It’s the first serious measured pullback from the 2007 low and 50% back from the 2011 low. This is a big technical level that deserves … Continue reading
The Equity Indices are all in Sept today. I am still writing June levels. Don’t get confused. There is a 6 dollar discount to the Sept. S&P 500 Futures. Nasd 100 is a 5 dollar discount to Sept. Many of … Continue reading
WTI…93.65 +-10 ticks is resistance. 94.60 is the least risky place to try a short. USD/JPY…we’ve been looking for the Yen to run the stops back under parity (100). Yen did this and I do not wish to trade around … Continue reading
The S&P 500 will take price action under 1653 to break and close under 1642 to confirm lower. 2998 is now the hold # for Nasd 100. A close under 2980 is needed for further downside. The only trade I … Continue reading