Tag Archives: Oil
Yelp…Follow Up
I bought YELP on a pattern break out. I’ll be using a 46 Stop On Close. Reasoning: I was looking at names that were not interest rate or Dollar sensitive. Social media is in it’s own world. On that theme, … Continue reading
A.M. Look 3/31/15
Stocks… Spu’s… 2054-57 (Unchanged on the year) will be the focus today into the close. This will be support. Resistance is into the low 80’s Nasd 100…4376-87 is mvg avg resistance/ 4336 is mvg avg support. Bonds … Bund…158.10 is … Continue reading
Midday Missive
I’m out of step and out of dimes. The matches in the Yen, OIL & Euro highs coupled with the Lows in most of the big financials at their respective 200 DMA’s makes me think we’ve seen the lows. IBB…held … Continue reading
Midday Missive
OIL…April expires Friday the 20th. At his point it would be hard to imagine customers taking delivery of contracts with storage so tight. Hitting the high 30’s by Friday seems feasible. On the next 80 cent rally I’ll be looking … Continue reading
A.M. Look 3/16/15
I re post the the qtrly report going into the end of every qtr. so you can judge the quality of the work for yourself. It’s time to take stock of the markets. Every qtr I request my clients keep … Continue reading
USO…Trade Alert!
BUY 40 3/20/15 17.5 Puts @ .39 cents
Midday Missive
It’s all biotech… IBB,BIIB,EXAS,ZIOP, BCRX, PCYC,AGIO,PTCT . Some of the names are trying to bottom like AGIO, others like ZIOP have put in higher lows for the past 6 trading days and are just going. CELG…gains upside momentum over 121 … Continue reading
A.M. Look 3/2/15
Stocks… NXP,FSL & ACT are in the news this A.M. Euro Stoxx 50…would need sustained price action under 3563 for profit taking to ensue. Bonds … 30 Yr. Bonds…(H) needs over 147.27 resistance for higher. FX… DXH5…Dollar Index needs … Continue reading
Coast to Coast
P&G is a name I like here. OIL…54 is resistance. I doubt it will get there today. 30 Yr. Bonds…149.10 is support and the closing downside pivot. It is a must hold level for the 30. Gold…1254 is the 200DMA. … Continue reading
Midday Missive
OIL…remains under pressure. A close today under 74.70 either month is negative. 74.46 is long term mvg avg support. Once below look for a test of the 69-70 decade fib support. This will be a do not sell zone the … Continue reading