Tag Archives: S&P 500 Futures
A.M. Look 1/23/14
Stocks… DPM…Midstream Partners has some upside potential as long as it holds today above 49.30-40 the 200 day mvg avg. Spu’s…the all session chart shows a possible ORL patten with a close below 1833. Spu’s would need to sustain under … Continue reading
ORL Pattern Explanation
Today into tomorrow is when I’m looking for market direction to be confirmed. Will the Equity Indices hold up or go into profit taking mode? Spu/Bond spread is Long Equities ( S&P 500 Index/Short 30 yr. Treasuries) This helps us … Continue reading
Pattern Alert Spu’s
SPU/BONDS,SSO & Spu’s are all flirting with their respective ORL #’s. This means it will be another late day trade to see if the bears can gain any traction. I personally doubt it. GS…traded down to the 50 day mvg … Continue reading
A.M. Look 1/21/14
Stocks… Spu’s…the long term point & figure shows we still need to sustain higher on the year for new upside tgt’s. EWP…39.76 is support and the downside pivot. BRKA…17,100 is the 200 day mvg avg and support. Nikkei…put in … Continue reading
A.M. Look 1/9/14
Stocks… Spu’s…closing 2 days higher on the year should set up another 40 point move to the upside. Bonds… Bunds…140.05 is resistance and the upside closing pivot. FX… USD/JPY…is currently caught in the middle. price action under 104.50 … Continue reading
A.M. Look 1/7/14
Stocks.. XLV,XLF & XLK are three sectors that are holding up. EWG & EWP…are both hanging in from a technical perspective. The risk in Germany (EWG) is a close below 30.50 EWP has to remain above 36.95 close. FXI…35.85 needs … Continue reading
A.M. look 1/6/14
Stocks.. GOOG…put in an ORL week. Below 1101 this can pick up some downside momentum. Bonds… 30 Yr. Futures…sell rallies not breaks. There should be small resting buy stops around 129.00 which could lead to another 1/2 point rally. FX… … Continue reading
Midday Missive
30 Yr. Bonds…a close today above 128.25 puts in an ORH day in the Futures. USD/JPY…is attempting an OR Day as well. The Yen is catching a bid as the Yen crosses are being liquidated. Price action below 104.60 USD/JPY…Over … Continue reading
A.M. Look 1/3/14
Stocks.. BAC…is putting in an ORH week with a close over 15.79. While the pattern looks good I am not a fan of chasing this strength. LNG…as long as this holds above 42.40 close I’m a fan. Spu’s…a … Continue reading
Dax… Euro Stoxx… SSO
Both the Dax & Euro Stoxx are into our qtrly pivots (support zones) after major profit taking and ORL daily patterns. SSO…has the potential for an ORL week with a close tomorrow under 99.80. We’re in need of another 1-2 … Continue reading