Tag Archives: S&P 500 Futures
Midday Missive
Spu’s…just double topped on the Point & Figure chart. All new price action is needed over today’s high for more up. Spu’s have to close below 1995 to think there will be any pattern damage. It will be a late … Continue reading
A.M. Look 9/3/14
Stocks… Spu’s…still tgt the low 2020’s Nasd 100…4160 is the next tgt. Bonds … 30 yr. Bonds.. I don’t have an interest in selling the Bonds mid-week after a 2 1/2 point break. FYI…I will be writing and trading off … Continue reading
A.M. Look 9/26/14
Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 fills my downside objective for this move. 1973-4 is mvg avg resistance. … Continue reading
A.M. Look 8/28/14
Stocks… Spu’s and Nasd 100 are overbought. The patterns are sideways to lower for a bit to relieve the RSI’s. Be patient today into tomorrow to see if investors want to cash out after this big run up into the … Continue reading
A.M. look 8/26/14
General Comments or Valuable Insight The Spu’s will need price action under 1987 for any pull back. The board will be a low volume trade and will not have a Risk Off tone unless this happens. World Bond markets remain … Continue reading
A.M. Look 8/22/14
Stocks… Spu’s….2000 is a natural big level # where it would be imprudent to over trade. It is more a psychological level than a technical boundary. Depending upon where you like to take your swing counts from the 2020’s is … Continue reading
Midday Missive…W/ Yen trade Alert
SELL Yen @ 97.64… “BUY USD/JPY @ 102.45” Good for today.This is an off the market low risk order with about 25-30 ticks of risk. You just never know how the Bots will interpret the minutes so I’m placing the … Continue reading
The Late Show
30 yr. Bonds…142.00 was the qtrly break down in Bonds from the first qtr 2013. Any print close to 142.00 is getting rich.Even knowing that this is a level to not buy strength, but start selling rallies again, the Bonds … Continue reading
A.M. Look 8/15/14
Stocks… DAX…9390 is today’s resistance. Spu…1952 is support. Bonds 30 Yr. Bonds…140.14-17 is Monthly Fib resistance and the closing upside pivot. FX… Euro…Price action and a close under 133.30 is needed to see another 100 point sell off…Price action above … Continue reading
A.M. Look 8/14/14
Stocks… Spu… 1952 is 50 DMA resistance. It will take a close over this level to start turning this Index positive EWP…40.00 is 200 DMA resistance. Closing over 40.50 targets 42. VIX… 12.60 is 50 DMA support. This level … Continue reading