Cancel this order!!!!!!!!!!Sell 30 Yr. Sept Bond Futures “(USAU)(ZBU)” @ 136.09 GTC The Russell, Spu’s & Nasd 100 have all put in ORL days. It’s more meaningful that the Spu’s have done it from new all time highs, however all … Continue reading
IWM & MVV … are the two Indices that look the most vulnerable to selling. MVV… 70.60 is today’s ORL # in the Ultra Midcap. If this index is to holds up, you should not see much sustained price action … Continue reading
QQQ & Nasd 100 are both attempting ORH days. Nikkei (U) Sept Futures are poised to test weekly resistance and a possible upside breakout with a close over 15,300. A close over 15,500 will signal another bull leg up. IWM … Continue reading
Stocks… IWM…Russell @ 117.50 has a potential weekly double top. There will be resting buy stops above this level. Bonds 30 Yr. Bonds (M)…137.02-04 is near resistance and the upside pivot. FX… Euro…is trading oversold, which means it’s a sell … Continue reading
The Russell and the Midcap are gaining on the Nasd & Spu. I would expect that to be the case today particularly with the ORH week in the IWM. Brent…resting buy stops are over 109.87. Any $1 to $1-1/2 breaks … Continue reading
Stocks… Nikkei..is attempting an ORH week with a close over 14,490. DXJ…The lotto ticket for those looking for leverage on an upside breakout is the 47 or 47.50 “30 May Call” or the “June 6 Call”. Caveat Emptor…I’m not a … Continue reading
GOOGL is one of the best looking names on the board. Sustaining over 544 would lead to a retest of the 50 DMA @ 554. The whole board is a Time Frame Lemming effect trade. The Russell does not act … Continue reading
Stocks… Spu’s…(M) 1871 will act as resistance. 1857 is the February close, which will act as a short term pivot. Nasd (M)…3691 will be resistance. 3700 is the February close, which will act as a short term pivot. 3615 is … Continue reading
The ones that were beaten up the most are the least risky to buy. Midcap 400 and Russell have room on the upside. Spu’s…are just starting to pick up on a daily and weekly chart.One more day closing around today’s … Continue reading
30 Yr. Bonds…135.00 + a few is matching Fib support. This is big swing stuff. It’s the first serious measured pullback from the 2007 low and 50% back from the 2011 low. This is a big technical level that deserves … Continue reading