Stocks… Spu’s…resting sell stops are below 1760. Weekly price action over 1787 is needed to think we’ve seen a good low. Nikkei….Needs to close over 15,000 for a couple of days to rally. F….Ford is worth keeping an eye on. … Continue reading
Stocks… Spu’s…I’m still looking to buy around 1730 with a very tight stop. Minimally, I’d like to see the stops below 1760 get elected. Presently, the Spu’s are holding point & figure support @ 1760. Spu’s are in a 35 … Continue reading
Original level USD/JPY…Sell Yen @ 99.75 (H) Futures…100.20 USD/JPY 100.20 is the 200 day mvg avg in the USD/JPY, which = 99.75 Futures With a Risk off board we could see an over run to 99.60 ish USD/JPY. It’s hard … Continue reading
Stocks… Spu’s…I’m looking to buy around 1730 with a very tight stop. Presently, the Spu’s are holding point & figure support @ 1770. Last night’s early Asian high (1800) is my qtrly pivot for the S&P 500 Futures this qtr. … Continue reading
SMH…index has a double bottom on the daily chart. OIL…97.80-98.00 is resistance with resting buy stops above. 30 yr.… admittedly i’ve been a little out of step with the turns. I like today’s low in the TBT and the high … Continue reading
Stocks… Spu’s…I’m looking to buy around 1730 with a very tight stop. Presently, the Spu’s are holding point & figure support @ 1770. Yesterdays low was a normal standard deviation move for the Spu’s of 80 points. I’d like to … Continue reading
Stocks… Spu’s…1800 is the qtrly pivot. Short term traders should be using this level for market tone. This is where you look for market follow through to the upside. A lot of technicians were eyeballing the low 1770’s as support. … Continue reading
30 yr. Bonds…reached our tgt level of 132.30. This was our preferred sell # It certainly didn’t print the level when I expected it to. I thought it would be yesterday not today. As of now the 30 yr. Futures … Continue reading
Stocks… Spu’s…1800 is the downside support level. Bonds… 30 yr…133.15 is the upper end of our resistance area. TBT…70.40 would be a retest of the ORH qtr from 2013 when interest rates started to rise. This is a support area. … Continue reading
I’m looking for a 132.30 print in the USAH At this point I’d look for it at the Chicago pit close @ 2 P.M. CDT or an hour later at the NYSE close. Qtrly sell stops in the TBT are … Continue reading