December Oil expires Wednesday. F20 (January is front month) Jan is +.10 cents above December Nasd 100 has hit it’s first upside target. Spoo’s have hit the 50% line between the targets. The most downside I’d be looking for this … Continue reading →
FOMO buying in names led by the Dow and the Industrials. Bonds have elected their weekly ORL sell stops on the Long end of the curve. Spoo’s have filled out its Point & Figure Currency/precious metals spreads remain under duress. … Continue reading →
Index trading should be tough before MSFT after the close. Miners and metals will be the place to focus. Looking for the GDX to test the 2016 high @ 31.82…Not today! Silver…16.31.50 is the next hurdle @ its 200 WMA
Spoo’s…2886 is today’s Pit gap.. It will take price action into its 50 DMA below 2875 to confirm a near term high on the 25X3 PN Nasd 100…7453 is today’s Pit gap. Both levels represent Friday’s highs. MSFT…showing ORH weekly, … Continue reading →
The technical models for the U.S. Indices are trying to roll over again. DAX,FTSE Euro Stoxx 50 are all well below their respective weekly ORL #’s. DAX is getting into oversold territory. SMH…weekly ORH 102.81 XLK weekly ORHÂ 66.70 XLF … Continue reading →