Tag Archives: ORH Pattern
Wheat Pattern Alert!
Wheat has a potential ORH day working off Mvg avg support. This has potential. The risk is back below the mvg averages. I would not want to see it go back below its opening range @ 4.25 which matches its … Continue reading
Midday Missive
Oil patch is acting well after it’s bounce off 52 WTI HFC…Holly Frontier is attempting to rise above short-term momentum. This need to maintain above 32.30 for higher HAL…Halliburton is following through to the upside off an ORH daily … Continue reading
Midday Missive
Euro…after failing @ 129.25, is on it’s way to 127.50. All dollar denominated commodities will remain offered except for the meats. USD/JPY…107.25 (93.20’s Futures) is the level you want to buy dollars and sell Yen, if and when it ever … Continue reading
Potential ORL’s all over the board
SPU/BONDS, Nasd 100,AAPL are all attempting ORL days. QID…is attempting an ORH. Sustained price action over44.60 is needed for upside follow through. Spu’s have finally given up a reversal since it last traded @ 1937.50 a month ago. This correction … Continue reading
TBT
ETF Traders… TBT…is attempting an ORH day. A close over 72 would confirm a Risk On Pattern with higher rates. The later in the day that we maintain over this level the better the signal.
Midday Missive
USD/JPY…is attempting an ORL day by closing under 103.97. (over 96.21 Futures). This pattern is the same pattern as the Spu’s. Spu’s down = Yen rally. EUR/USD…is putting in an ORH day with a close over 135.84 . It’s currently … Continue reading
A.M. Look 1/3/14
Stocks.. BAC…is putting in an ORH week with a close over 15.79. While the pattern looks good I am not a fan of chasing this strength. LNG…as long as this holds above 42.40 close I’m a fan. Spu’s…a … Continue reading
Energy ETF’s Trade Alert!
Those of you that want to add risk to their portfolio look no further. DIG…is attempting an ORH day with a close over 65.28. 63.80 is the Stop on this trade looking for a new high followed by an exit … Continue reading