Spu’s would need to sustain over 1866 to try up again. The only question that remains is how many round trips the bots want to take today. There was a lot of bottom fishing today. Both the Midcap and the … Continue reading
Spu’s Nasd 100 Nikkei Midcap GOOGL AMZN Crude USO Nikkei Recap: we held a mid week low, with trend turning up into mid week next. We had a B.S. break into Mid Day to get long the Equity Indices against … Continue reading
UVXY…resting buy stops are over 42.20. a running of these stops would lead the VIX to test 15.16 it’s 200 DMA. MVV…Midcap is coming into support, which runs into 80.45. Russell & Spu’s are more vulnerable. Spu’s… should bounce off … Continue reading
Stocks… Press the bet in the the Biotech lottery is the best game in town. DAX…I didn’t have a higher tgt than 12,000. We’re seeing some profit taking. Let’s see if it turns into anything. Russell…is flirting with new all … Continue reading
Stocks… Spu’s…need to close back over 2064 resistance to entice me back in. IWM…needs back over 116.80 close to negate yesterday’s ORL pattern. 114.25 is support @ the 200 DMA. Ford…closing today below 15.40, 50 DMA, will have me exit … Continue reading
They tried the Equity indices both ways early. Now what? The retest of the 3754 qtrly level in the NASDAQ ( the failure to get all the way down there) + the low in the IWM will give hope to … Continue reading
Stocks… IWM…114.40 resistance. A couple of closes over this level is needed for a test of the yearly highs. Nasd 100…longer term point & figure charts show that some work is needed to get through 3625-35.In fact this is where … Continue reading
All these indices are coming up to key “closing” resistance levels that will probably match up with the Spu’s around the old high of 1419.75. These areas will run all the key spreads…Spu/Bonds….Dax/Bunds
The first rebound rally in the Midcap was a re-test of the 200 day moving average. Midcap has been the strongest on the spreads and is now the weakest. The Russell as shown, is trying to put in an ORL week.