Tag Archives: S&P 500 Futures
Spu’s
Spu’s……1812-14 is resistance and the closing upside pivot. The market will be overextended here the first time up.. That means it’s a better exit zone than a level to initiate a new trade. Above…expect a test of 1829.50.
A.M. Look 2/11/14
Stocks… Nasd 100…3584 is the upside pivot for more strength. A monthly close over 3630 leaves way for a test of 3754. THRX…Theravance Inc put in a bullish ORH pattern Friday and has followed through with a close over it’s … Continue reading
A.M. Look 2/10/14
Stocks… Nasd 100…3524 is support. SPU’s…still need closes over 1800 for higher. The first descent retrace is in the low 1770’s. GDX & GDXJ…have been creeping higher since Dec. They both look like they can rally another couple of dollars. … Continue reading
Equities
The market initially shrugged off the data by holding 1760 level Spu. Nikkei… 14,670 high was just over the 200 day mvg avg. Nikkei needs above this level for higher. The rest of the day will be run by the … Continue reading
Midday Missive…Spu/Bonds
This spread is attempting an ORH day. This is a bottoming formation. IBM is also putting in an ORH. PCLN jammed the shorts @ the ORL # 30 Yr. Bonds…expect more weakness under 133.16 A completion of this pattern can … Continue reading
Gold
We have a potential double top in the Gold @ today’s high on the long term point & figure. Gold can be used as a surrogate to the Spu’s for short term trading. Risk On=Short Gold Risk Off=Long Gold
A.M. Look 2/5/14 …With GILD Trade Alert!
Stocks… GOOG…1120-22 is pivotal for GOOG and the entire board. Sustained and closing price action under 1120 will lead to another bout of Risk Off. That could easily lead to another 100 points down in Nasd. Nasd 100…needs a couple … Continue reading
Midday Missive
Nikkei…13,900 becomes a big longer term hold level. Closes under 13,700 are price negative. Bottom fishers will be better served looking at the Oil patch. CVX,XOM aren’t breaking… COP has potential as long as it remains above 62.50. Spu’s…a rally … Continue reading
A.M. Look 2/4/14
Stocks… Spu’s…can still print into the 1720’s and rebound. Price action early will dictate the day. MSFT…put in an ORL day. Sustained price action and a close below 36.30 will signal a deeper correction. First stop would be a test … Continue reading
Midday Missive…
We’ve finally elected the intermediate sell stop in the Spu’s. As of this moment you’ll need sustained price action over 1763 for bottoming action. Trade your time frames!! It’s doubtful you’ll see any bottom fishing before London’s close. Anything over … Continue reading