Tag Archives: PCLN
Midday Missive
EURO….a close below 136.15 puts in an ORL day tgting the 135.50 level. The daily time frame is oversold, meaning selling in the hole has to be done with a very tight leash! Natgas…June Natty expires tomorrow. July is front … Continue reading
A.M. Look 5/9/14
Stocks… QID…price action and a close over 60.20 is needed for a up. Nasd 100…will need to sustain under 3525 and close below 3505 to show it can break down for another test of the 200 DMA @ 3430. Bonds … Continue reading
Midday Missive
The market is still a correction in the Nasd. Investors are rotating ( trying to hide in XLU & Insurers this A.M.) This is simply rotation into what seems to be lower risk dividend instruments. This game too will end. … Continue reading
A.M. Look 5/6/14
Stocks… Spu’s…1894 is resistance. QQQ…the upside breakout is a close over 88.30. Yesterday’s low is your risk to be long (86.50 Close). PCLN…maintaining and closing over 1196 should see this rally to 1248. UNH…United health care is another beaten up … Continue reading
A.M. Look 5/2/14
Stocks… Spu’s…1894 is resistance. Nasd 100…gains upside momentum over 3593 close. Midcap 400.. the 50 DMA capped it’s rally yesterday, this index will gain upside momentum closing over yesterday’s high. MVV…65 is the 50 DMA. The upside closing momentum # … Continue reading
A.M. Look 4/29/14
Stocks… Spu’s… price action over 1870 and closing over 1874 will run out the short sellers. Bonds 30 yr. Bonds… have a double top on the point & Figure charts from Friday. 133.24 is first support. A close below 133.15 … Continue reading
Price Action
The Spu’s held Unchanged on the year with interim support @ 1844-46 matching the Spy @ 184.70. Both are attempting ORL days and both have hit intermediate support. 15.20 is resistance in the VIX. Most instruments are getting oversold again. … Continue reading
Midday Missive
SCHW…is attempting an ORL day by staying under 26.73. By not holding 26.49, mvg avg support, look for the up move to be over. PCLN…1109-10 is the 200 DMA support. KBE…is trading @ it’s 200 mvg avg @ 31.96. Price … Continue reading
Midday Missive
Europe is heading for the exits. Vlad the Impaler is shading enthusiasm for any squeeze up into month end. XLF… is breaking down below 2190. AMZN…the first downside wave count tgt is 302. Nasd 100…3500-11 should give the sell off … Continue reading
A.M. Look 4/6/14
Stocks… VIX…14.40-50 is first resistance and the 200 day mvg avg. 15.50 is an exit zone for the bulk of any long volatility positions. 13.35 is today’s support # that has to hold and line up with any rally in … Continue reading