Stocks… Spu’s…have to sustain over 2015 for higher. The low 2090’s is near term support the first time down.DAX…11,380 is the weekly closing hold level. Bonds … Bunds…(M) 153.95 is support and the closing downside pivot for more weakness. French … Continue reading
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
Another day…another opening range trade. Spu’s get much below 2112 look for more red across the board. GPRO…the market darling has hit it’s 200DMA @ 57.90 which should cap that rally as well.
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… Spu’s…very short term…2122 resistance/2112 sell stops. Bonds … 30 yr..follow the Bonds for they will lead the currencies and metals. 151.28 is the closing downside pivot for more weakness. TBT…remains firm over 48.70, the 200 DMA. Sustaining over … Continue reading
Stocks… Spu’s…only come under pressure with price action below 2112, Monday’s London Low. DAX…11,852 is mvg avg resistance. Closes over 12,000 starts a new leg up. HEDJ…66.20 is the matching #. Spu’s,Nasd 100 & QLD put in ORH days. … Continue reading
Stocks… Spu’s…only come under pressure with price action below 2112. This needs closes below 2080 to do any serious damage to the uptrend. IWM…124.00 is momentum. Above, look for an initial 2 dollars. FXI…. 51+- a few is resistance and … Continue reading
Stocks… Trade the specific stocks like FEYE,GILD,ABBV,BMRN & PBYI which have friendly patterns. VIX…14.12-23 is mvg avg and momentum resistance. Sustained price action over should lead to 14.80. Bonds … Bunds…154.16 is the 200 DMA FX… AUD/USD… I’m looking for … Continue reading
Stocks… UVXY…I’m going to Cancel my resting order to Sell @ 10.38. I want to give this some room to work. Price action over 10.50 can see this gain upside momentum. I’ll monitor the price action this A.M. and place … Continue reading