These are static #’s that do not change.. This is the road map for the downside in oil Published 5/20/15 Commodities… NATGAS…put in a topping and upside exhaustion pattern yesterday. We’ll need a day or two for confirmation that … Continue reading
Stocks… Equity Indices are tired and in need of a break. Individual names will continue to out preform. Spu’s…resting near term sell stops remain below 2112. GS…215 is where the qtrly congestion lies. This is a name for your buy … Continue reading
Stocks… IYT…this needs a couple of closes below 151.80 to break down. The Long term # is 150.90 the June 2014 close. SHCOMP…with just one week week of correction since the beginning of March, this is still vertical with higher … Continue reading
Stocks… YELP…I gave it a go and it rallied 3% right into weekly resistance @ 48.50 and rejected. I’m not married to it. Biotech always has a couple of names in play for 5-10% a day. Time to refocus. KITE.…rallied … Continue reading
Stocks… Financials..led by DB,GS & WFC all put in an ORH pattern on Friday. These will be opening range trades. Holding Friday’s close and starting higher is the price action you want to see to hop on board. Agios…ripped higher … Continue reading
Stocks… GEVA…is today’s big winner. Biotech lottery is in full swing. Spu’s… seem stuck between 2065 & 2095. I’m not looking for follow through trade. Bonds … Bunds…155.74 is the key feature. Maintaining and closing below this level would mark … Continue reading
Stocks… Equity Indices will be all about the mid-week shuffle. They’ve tried up early week. We need to see where they hold late week. Bonds … Bunds…155.74 is the key feature. Maintaining and closing below this level would mark the … Continue reading
Stocks… Every instrument is an Island unto itself. Bonds … Bunds…159.00 is the qtrly pivot. A close under the 50 DMA @ 158.84 is needed to confirm lower. 159.85 is resistance,yesterday’s breakdown level. 30 Yr. …is getting oversold. We’re getting … Continue reading
Stocks… ACT…needs new closing strength over 302.50 for a run to the highs. BMY…needs to hold 63.40 close to keep pattern integrity. MBLY… Anywhere near 43 would be a low risk buy. NFLX…the 545 fib extension was hit shortly after … Continue reading