Tag Archives: SHCOMP
A.M. Look 5/29/15
Stocks… Spu’s…2110-12 has to hold to avoid profit taking. DAX…11,860 is resistance and the upside pivot. 11,500 is support, below there is room for a deeper correction. SHCOMP…broke to test it’s 21 DMA before recovery last night @ 4466. This … Continue reading
MCHI…Closing Trade Alert!
I feel like I’ve just stepped up to the pass line at a craps table. Here is the rub. I like the thesis, however I don’t like the ORL pattern in the SHCOMP although it’s sitting right on trend momentum … Continue reading
A.M. Look 5/28/15
Stocks… DAX…11,860 is resistance and the upside pivot. SHCOMP…put in an ORL last night down 6.5%. This is a big topping pattern right into 4617 first support. Bonds … 10 Yr. Bonds…127.10 is the 200 DMA. This is support and … Continue reading
MCHI…Trade Alert!
BUY MCHI @ the Market ! This is an opening position with a 10% portfolio weighting. You can choose this ETF or the FXI. I’m reticent of buying strength in the SHCOMP, which has been leading all Indices.
A.M. Look 5/22/15
Stocks… IYT…this needs a couple of closes below 151.80 to break down. The Long term # is 150.90 the June 2014 close. SHCOMP…with just one week week of correction since the beginning of March, this is still vertical with higher … Continue reading
FXI…Trade Alert!
SELL 40 FXI 44 3/27/15 Calls MOC This is a closing trade. I want to recapture as much premium as I can at this point. Good idea/ wrong ETF. SHCOMP & ASHS is ripping and this Etf is sucking for … Continue reading
The Late Show
IWM,MVV,DIG,XLE,BMY & Nikkei are all attempting daily ORH patterns. SLB led the energy names early. XOM…is looking firm. A close over 93.30 is needed to confirm a tradable low. Line…needs a close over 10.30 to confirm the 9 low. IBM…failed … Continue reading
A.M. Look 1/5/15
Stocks… SHCOMP…is the best preforming equity market. Look for a retest of 34800-35600. It’s very overbought. Line…needs to hold above 12 to test the high 14’s again. Follow the Natgas. Bonds … 30 yr. Bonds… there is a possible … Continue reading