Tag Archives: OXY
A.M. Look 10/10/14
Stocks… VIX…21.50 is the 200 Month mvg avg and the high of the volatility spikes over the past 20 months. This is the place to match up an interim low in the Spu’s for a bounce. Spu’s….1900-02 is the 200 … Continue reading
Midday Missive
They’ve tried the Equity Indices both ways and have pretty much run out all the short term money. All long Dollar trades are being unwound. I’m going to give the Euro into tonight to stop rallying or I’m checking out … Continue reading
A.M. Look 9/12/14…W/ Trade Alerts
Stocks… GS…177.25 was last years close. A close today above 182 puts in an ORH week, targeting 192 short term. Semi Annual resistance starts @ 189. By remaining above 177 GS should retest the 215 level it broke from in … Continue reading
Midday Missive
KBE…banks have been out of favor. Spu/Bonds are making me friendly to the sector. OXY…92.00 is resistance. It is also the confluence of the Golden Cross where the 50 day and the 200 day mvg averages converge. VIX…14.68 is where … Continue reading
Midday Missive
OXY…just double bottomed on a daily chart. This is a great low risk buy with a stop below today’s low. FXI…China either holds right here @ 38.10 or it breaks to 37. EUR/AUD…should continue up moving a figure at a … Continue reading
OXY…Crude Oil
OXY…just put in a daily double bottom @ 94.08. This is a good spot to get into this name with a 93.30 stop. Oil…WTI…95.55-63 is the next intra day level with buy stops above.
Midday Missive…VIX
Stock rotation is in full swing with the Equity Indices looking overstretched. We’ve come a long way in Equities in 9 trading days. Sell stops are resting under Friday’s day session lows in the Indices The Mexican peso is nearing … Continue reading
Midday Missive
The general market tone looks to be “Risk On” going into Month End. IBB is always a favorite and can be bought with a stop below Friday’s close, looking for a rally into the end of the week. OXY…88.80 is … Continue reading
A.M. Look 4/30/13
Soybeans (K)…$14.884 is monthly resistance. Only sustaining and closing over this level will lead to higher prices. Corn(July)…6.59 is pivotal. 6.74 the next resistance level. Closing over 6.83 will generate new momentum buying. CORN ETF…maintaining above keeps this instrument positive. … Continue reading
Oil…OXY
Oil & associated names are leading the stock rotation to keep the Indices firm. 90.50 has been our first upside re-test level. Now it’s all about how and where the breaks hold. If the move is real we’ll see 92 … Continue reading