We are buying a partial long position in Brazil ( EWZ) with an intra-day stop just below today’s low. We also like China ( FXI), however we would like to buy a small pull back here. NASDAQ is clearly leading … Continue reading
You’ve just had a 100 point rally in the Spu’s off the lows. Think about it. Time to do the tighten up!!! Investors who are Long should either pay for their trades or decide how much they are willing to … Continue reading
Here we are, right back to where this game started Monday. The macro numbers have not changed. A re-test of 2180 in the NASD is possible. AAPL was a huge hold, which was then followed by upside reversals and outside upside reversals … Continue reading
General tone… AAPL has been floating all boats for a long time. A close under 364 is not positive. 357.50 on down to the 200 day at 353.50 is a level to trap the shorts the first time in. Watch for market … Continue reading
There is not much to say other than we’re going to the lower tgt’s in the stock indices and higher tgt’s in the Dollar and Bonds. Risk Off…. You’ll get your opportunities to sell rallies in the equity indices. Do … Continue reading
You got the one rally to check the Qtrly closes. Short term traders should be selling every rally until proven wrong. That would be price action over today’s highs in both the NASDAQ, S&P 500 as well as the Euro. … Continue reading
One of the main features of last Qtr were the outside reversals in the dollar against the Singapore Dollar, Aussie, Canada and Brazilian Real. These chart patterns were a reflection of Global DE-leveraging or better known as the “Risk Off Trade”. … Continue reading
Let’s focus on the here and now. AAPL and the Nasd 100 futures have been trading in tandem the past couple of weeks. We Identified the 355 level as good support matching 2030 area in the Nasd 100 Futures. Presently … Continue reading
General price action: As long as AAPL keeps holding 355 the Nasd 100 futures looks to hold the 2030 area. We’ve been down there 3 times and held. All the Indices price action stinks! AAPL is the beneficiary of a … Continue reading