Stocks… Spu’s…could trade into the mid to high 1890’s Nasd 100…3694-3700 is resistance and the closing upside pivot. VIX…14.40-50 is first resistance and the 200 day mvg avg. 15.50 is an exit zone for the bulk of any long volatility … Continue reading
Stocks… Spu’s…could trade into the mid to high 1890’s IYT…the long term buy stops are over 136.95. The market should pause @ 137.30-40, however holding above 137 generates much higher targets. NFLX…could easily rally back to 390. XLE…is in rally … Continue reading
General Comments orValuable Insight There is nothing new to report or do. The Spu’s are up 10 points on the year with the Nasd down 17 points. The Yen is following today’s weakness in the bonds with the Yen crosses … Continue reading
Stocks… VIX…needs above 15.15 to rally to 15.84. The weekly buy stops are at 16.40 with 16.64 being weekly closing resistance. Nasd 100…3545-50 is today’s support and the next inflection level. The weekly breakdown level is 3576. Closing below here … Continue reading
The worm is turning. Pay close attention to the spread which is attempting an ORL day. With the Nasd 100 flirting with 3593.25 (Unchanged on the Year) a close below would send the Bonds up another point. This is potentially … Continue reading
Stocks… DAX…needs closes over 9400 for higher. EWG…30.12 is a potential weekly double bottom. Closes over 31 are needed for higher. Nasd 100…3623 is mvg avg resistance and the daily upside pivot. Bonds10 yr. Bond (M)….by holding last night’s low, … Continue reading
Stocks… Spu’s…(M) 1871 will act as resistance. 1857 is the February close, which will act as a short term pivot. Nasd (M)…3691 will be resistance. 3700 is the February close, which will act as a short term pivot. 3615 is … Continue reading
Stocks… Spu’s…(M) 1874-5 will act as resistance and the upside pivot. Nasd (M)…3700 +- a couple will be resistance and the upside pivot. APM4…ASX 200 Futures need new closing strength as well as sustain over 5360 to start another rally. … Continue reading
Stocks… Spu’s…(H) show a possible head & shoulders top on the daily chart. A close lower on the year ( below 1841) is needed to confirm the pattern. Nasd (H)…3661 is support and the downside pivot. Once below 3610 ( … Continue reading