Stocks… Spu/Bond…spread is breaking down, led by the 30 yr. rally. This is capping the Equity Index rallies. Spu’s…would need to sustain under 1864 to see much selling. Bonds Ten year… TYM…sustained price action over 124 will have investors selling … Continue reading
FB…opened a full dollar shy of the pre market high. Not Bullish! SPU’s…1867.50 is today’s ORL # NASD 100…3545 is today’s ORL # UVXY & VXX…show potential ORH days.
Spu’s, Dax, Nasd 100, NFLX,IBB have all hit resistance and their upside closing pivots. This is not the time not the place to press direction in the Indices. Pay attention to the 30 yr. Bonds for their weakness translates into … Continue reading
Stocks… NFLX…A close above 353 is needed for more upside. JPM…55.55 is resistance and the upside pivot. Watch for market tone in the financials. It’s short-term oversold. Midcap 400 ( MVV)….are into resistance. Bonds 30 yr….133.16-18 will be pivotal. TBT…66.24 … Continue reading
Nasd 100..should have a bounce off the 200 day @ 3365 ish. Shorts should be out of the bulk of their position @ this level. This is the spot to be taking off (locking in profits) on 75% of your … Continue reading
133.11 Is the Fill price for the 30 yr. Bonds. Looks like I was a little premature on this trade. Hopefully there are still enough people that don’t wish to trade the volatility and would seek some solace in owning … Continue reading
Spu’s… are now lower on the year. 1846.25 is that #. Mvg avg support is @ 1837.25. They weaken below. Resting sell stops under 1830 tgt 1800 and then 1685-90 via the resting macro sell stops @ 1732. Nasd 100…3412 … Continue reading
Nasd 100..a close below 3535 puts in an ORL week. This is a negative pattern. Midcap…1342.50 is the weekly ORL Spu’s…1825 is the weekly ORL. They’re below 1874, so they’re no good in my world. Below here the mayhem will … Continue reading
UVXY…anything close to 60 is a ( take some money off the table zone for Longs). 61.45 is the first tgt level. VXX…42.60 is the matching zone. 43.80-44 is the 1st tgt level. We’ve come a long way down, with … Continue reading
Stocks… Spu’s…could trade into the mid to high 1890’s. A break into the low 1860’s will be met by willing buyers. Closing under 1874 should be considered short term negative. Nasd 100…support starts @ 3602. Closing below 3582 would have … Continue reading