The Bond weakness is still not translating into an Equity Index sell off. Both the Spu’s & Nasd are holding. This will be a late day game in the Indices to see if we can get the start of a … Continue reading
Stocks.. Spu’s…price action under 1782 initially tgt’s 1767-8. SSO…94.20-93.85 is support. A close under 93.40 is needed for a good sell off. Nasd 100…3370 is support. Maintaining under this levels leaves way for another 35 points. Sell stops are under … Continue reading
Stocks.. Vix..sustaining above yesterday’s high of 13.10 should have this taking another run at the 200 day @ 14.40. TBT…75.20 holds or it doesn’t. Closing below 74.80 will lead to a test of the low 71’s. Bonds 30 yr. Bonds…133.15 … Continue reading
Sell the remaining SSO @ 96 Stop Close Only.. A close below 96 in the SSO and below 1786.50 puts in an ORL day and and a market top. If this looks to get elected we’re selling the remaining DXJ … Continue reading
I’m not going to fool around with giving hard earned profits back this time of the year. We’ve made our year and it’s time to be conservative. Any print in the Spu’s near 1820 or 100 in the SSO will … Continue reading
The Equity side of the Spu/Bond spread is obviously leading. Spu’s are getting up to 1800 in the futures, which is another psychological hurdle. We have an 1820 tgt in the Spu’s. We’re going to honor the level and take … Continue reading
Stocks.. GOOG…is attempting an ORH week with a close over 1032.40. This pattern tgt’s another 10% higher for GOOGLE to the 1140 area. Bonds 30 yr. Bonds…We’d like to sell a rally into the mid 133’s, however this looks unlikely. … Continue reading
TBT…cancel the remaining buy orders @ 76.20. I was impatient not to wait for today and I don’t want to see it make a new low for the day. SSO….The Piece bought yesterday MOC We are going to use a … Continue reading
Stocks.. Spu’s…have come a long way. We’ll have to monitor the pullbacks today to see where they hold on breaks. Bonds 30 yr. Bonds…133.11-15 would be a low risk sell zone. Closing over 133.24 would put the Bonds back on … Continue reading
We’re looking to increase our Long weighting in the SSO on the close. We’ll be looking to add the DXJ on the close. Here is what looks good right now. GS,GOOG,IBB.XLV,F AAPL…needs a close over 522 for higher. F…Ford closing … Continue reading