Tag Archives: ORL Patterns

Midday Missive

Posted on 07/23/2013

SDS…will put in an ORH day with a close over 36.71 This is a pattern we are inclined to take given the RSI’s “Overbought Stocks” “Oversold SDS”. Spu’s…would need a matching close under 1683 to take the signal. The Pit … Continue reading →

Goldman Sachs

Posted on 07/16/2013

GS…161.16 is the daily ORL # It is possible for 160.11 to hold the first time down and reverse back up, however a close below 161.16 signal an end to this rally in the entire market. 157.90 could be the … Continue reading →

A.M. Look 5/24/13

Posted on 05/24/2013

Oil…94.60 is resistance Euro…buy stops are 130.15. We’re only looking at this in relation ship to EUR/AUD as to which currency leads the cross higher. We’re looking for another couple of figures to go before running into resistance. Nikkei…has failed. … Continue reading →

A.M. Look 5/13/13

Posted on 05/13/2013

30 yr. Bonds…after putting in an ORL day and week on unemployment, Bonds are attempting the triumvirate which would take a close under 144.00 at Month end. Spu’s…still need some sustained and closing price action under 1619 for lower. Gold…needs … Continue reading →

Chart Patterns…Sectors

Posted on 05/09/2013

XLP…working on an ORL with a close below 41.14. There is downside acceleration sustaining under 40.88 XLF…a close below 19.09 puts in the ORL XLE…needs under 80.25

AUD/USD…EUR/AUD

Posted on 05/06/2013

AUD/USD…102.43 is today’s ORL #.There are resting sell stops @ 102.10-15. Aussie has been going sideways for a year and looks poised to test the 2012 lows with a close below 102. EUR/AUD…looks to be the best way to play … Continue reading →

TLT…Cancel Trade

Posted on 05/03/2013

We have an order working to buy the TLT @ 120.90. The Chart pattern for the 30 yr. Futures is not pretty with ORL’s working in the on 2 different time frames. TLT could go as low as 120.50 the … Continue reading →

SPU & Nasd Patterns

Posted on 04/07/2013

There are resting sell stops @ 1607.25 In the Spu’s SSO…77.40 Nasd 100…@ 2935… QQQ…72.12 Closes below these levels will put in ORL patterns. Only closes below the above levels “today” create the environment for a Risk Off scenario.

IBB_-_iShares_NASDAQ_Biotechnology_Index_Fd_Daily.gif…Pattern Alert!

Posted on 04/03/2013

A close below 160.13 puts in an ORL day. The IBB has led the entire rally since last July. This level is generally a Bear Trap the first time down. Meaning, they run the short term stops at the level … Continue reading →

EUR/AUD…The Risk Indicator

Posted on 02/07/2013

This is currently showing the same pattern as the Spu’s.. Risk off! 130.56 is the ORL # 130.25 is the yearly close. 129.22 is the next support