Stocks… DIG…74.75 is monthly support. 78.31 is resistance and the Monthly ORL #. DAX…by staying below 9730, look for Dax to break in 80-100 point increments. 9560 is today’s 200 DMA. Nasd 100…has to close over 4080 mvg avg resistance … Continue reading
Stocks… IAT…a Friday close over 34.01 is an ORH week and should be taken as an upside break out in the regional banks. WFC…needs to sustain above 51.60 to start another bull move. FEYE…needs closes over 36 to extend this … Continue reading
General Comments or Valuable Insight It’s summer time.There is a distinct lack of interest in trading. Equity markets need time to digest. The metals markets are showing fatigue. I’d look for the Silver to trade back toward it’s 200 DMA … Continue reading
Stocks… Spu’s & Nasd 100…are doing an end of qtr dance. VIX…is neutral on my work. Bonds 30 Yr. Bonds…136.12-14 was resistance and is now support. Macro pattern buy stops are 137.02. Bund…146.81 was last months close in the Bund. … Continue reading
Stocks… AUQ…Aurico Gold is attempting an ORH month with a close over 4.35. As long as this holds breaks around $3.90-4 this has potential to make a run toward 6 on the longer time frames. ABX…18.13 is the 200 DMA … Continue reading
Stocks… Spu’s…a close under 1854.50 puts in an ORL week. DAX…9600 is today’s support and the closing downside pivot. Below, 9470 ish is the next level to look for a bounce. EWZ…the rally in Brazil looks tired. A close under … Continue reading
Stocks… KRU…the regional banks look to have bottomed. 82.50 is pivotal. price action over this level could lead to a test of 86. IWM…110.75 is 200 DMA resistance and the upside pivot. GOOG …put in an ORH day. GOOGL…just missed. … Continue reading
Stocks… Spu’s…1894 is resistance. Nasd 100…gains upside momentum over 3593 close. DAX…put in a ORL day Friday and is following through to the downside. 9426 is mvg avg support. This is just one more tired Index that keeps failing at … Continue reading