IBM…we’re looking for a 199.25 print, which is the 200 day and a natural spot for direction to stall. 201.25 is a good place to take profits if you followed our buy strategy last week. 4/23/13 Sometimes you need to … Continue reading
Sometimes you need to look for the most beaten up names. IBM…fits the bill. This has the potential to run another $3 today to 195. With a Risk On board expected into Month end, 198-200 is possible.
Nasd 100 Futures…short term buy stops are 2834.50, with 2858.50 the next closing hurdle. As long as this maintains and closes over 2800, our initial swing count is 2877.50 (a retest of the last high) NFLX…197-200 becomes the initial buy … Continue reading
SSO…double long S&P 500 is a cheap look for a Long Equities. The stop is 72 close. This has room to move 6-7 dollars to the upside so the risk/reward is worth the try. The usual suspects IBB,LNG,BKX,NFLX,GOOG, & KKR…all … Continue reading
Risk On Crowd… CAD/JPY…as long as this maintains above 91.50 look for the stops to be run above 92.27. This also appears to be the only way to manage a short Yen position with limited risk.. In other words…you have … Continue reading
FBTP…10787 is an important technical hold and will be pivotal for the next move. By holding the breaks to this level the market can try up towards just shy of 111. Conversely, by maintaining under last night’s low, this will … Continue reading
AUD/JPY…is into mvg avg support @ 9600 + a few. A close below 96.45 puts in an ORL. 96.39-45 becomes a big pivot. EUR/JPY…124.53 is the ORL #. Short term stops have been elected, however a good close below this … Continue reading
Platinum has led the entire Risk rally just as it did in the beginning of 2012. Expect some more Dollar strength over the next 30 minutes to an hour. If this price action follows through this afternoon we will be … Continue reading
By holding 65 ( 200 day) this can trade back to 67 and then 69. Buy a 25% position just in case it goes. The stop is 65.00 intra day today.
We urge every investor to review the names they are interested in before the game starts in the A.M. Spu’s…1428-34 is the near term support area. Closes over 1446 put this on a positive footing with closes over 1462 confirming … Continue reading