Spu’s…1394.50 was last months low, there are stops below. 1385 ish is not a level to press the first time down. 1373-75 is the next exit level which was former resistance and now support @ the 200 day mvg avg. … Continue reading
Whether your bias is Risk Off or Risk On the markets are at major inflection points. If you’re trading Risk off…tighten up your trailing stops!!!!! Risk on crowd..today’s lows are your out. The Spu low with a potential double bottom … Continue reading
Spu’s…1416.75 is the daily ORH # Nasd 100…2673.50 is the level here. The Point & Figure charts show only price action over 1412 would leave room for the possibility of this chart pattern. Price action in the last 45 minutes … Continue reading
Spu’s…1394.50 was last months low, there are stops below. 1385 ish is not a level to press the first time down. 1373-75 is the next exit level which was former resistance and now support. Nasd 100…2648-53 will act as the … Continue reading
Welcome to the mid-week shuffle… The main feature of the board this A.M. is the correction in the Euro crosses off disappointing economic news out of Germany, in particular EUR/AUD,EUR/JPY,& EUR/GBP. Euro…128.90 ish seems to be the tipping level. Once … Continue reading
Oil…there are stops below 87.70. 86 appears to be the low extreme for today. 88.85 will act as a short term upside pivot level. Spu’s…maintaining under 1417.50 should lead to another 10 points lower for a start. As long as … Continue reading
Nasd 100…got to our tgt area which was close to the 200 day mvg avg. in the 2650’s, a level we have not seen since July when we were trading around 2515. Resting buy stops are over 2688. Oil…91.50 (Z) … Continue reading
Investors looking to add to their Long TBT position should be targeting 64.40-10 as a low risk buying opportunity. 2715-20 is a big level in the Nasd 100 futures…This is a static level! All new sustained price action under 2705 … Continue reading
Goog…673.50 is the monthly closing level to keep the pattern intact. There will be resting stops below with 666 next support followed by the big fib matches at 640-643. Natgas…as long as this holds the breaks above 3.45 we remain … Continue reading
Spu’s…1457.25 will be the focus level the rest of the week. This is the ORH weekly #. Maintaining above will entice all new buying. Rejecting the level will start the lemmings to run. 30 yr…146.12 is an important hold level. … Continue reading