Tag Archives: S&P 500 Futures
A.M. Look 11/11/13
Stocks.. Spu/Bond…is the gift that keeps on giving. Spu’s…could struggle around the old highs of 1773 the first time up. SSO…94.16-25 is the matching resistance area. TBT…is trying to breakout to the upside on a qtrly chart. 79 should prove … Continue reading
Midday Missive… W/Trade Alert SSO
The high frequency boys had the data a full minute before the rest of the world. So what else is new? A trad able low seems to have been put in the Equity Indices. Spu’s… sustaining and closing above 1748-50 … Continue reading
A.M. Look 11/8/13
Stocks.. Nasd 100…shows a head & shoulders top formation on both the daily and weekly chart. 3250’s is the first place to look for a bounce. Recovery and a close over 3358 would have me thinking this was a one … Continue reading
Price Action
Spu’s elected the first set of sell stops and went nowhere. SSO…91.70 is the low risk buy zone today. If the market is good you won’t see the level. A close over 93.10 is constructive. TBT…I like the 74.75 low. … Continue reading
Midday Missive
Spu’s…sell stops are @ 1755.75 today’s ORL#. The weekly # is 1747. There is presently a double top on the point & figure EURO…the low is in for a while. 132.90 is the 50% retrace for the past two years. … Continue reading
A.M. Look 11/6/13
Stocks.. BRKA…171,475 is Berkshire A will be a bellwether tell for the broader market. Price action below could easily have this slide to 169,500. The must buy # the first time down is 165,350. While I doubt we’ll see that … Continue reading
A.M. Look 11/4/13
Stocks.. TBT…closing over 76.60 will lead to another leg up. Spu’s…need to sustain above 1762-4 for higher. Spu/Bond…is trading at the level it broke from in 2007, the same level that precipitated the 90 point sell off last month. Bonds … Continue reading
A.M. Look 10/31/13
Stocks.. Spu’s & Nasd both avoided ORL Patterns. I view this more as a function of the establishment, Long Only Crowd, painting the tape to keep the chart pattern alive. TBT…put in an ORH day with a close over 73.04. … Continue reading
Spu’s & Nasd 100 ….Pattern Alert!
Pit sessions….. SPU…sell stops and the ORL# is 1759.20 NASD 100…3369 All Sessions…. SPU… 1754.50 is the ORL. Nasd 100…3368.50 Closing below the All session #’s would put in an interim market top.
ORL’s & Stop Adjustments
NASD 100…resting sell stops are @ 3342 the ORL#. SPU…1735 is the ORL# NFLX…needs to maintain above 336 close to see this as nothing more than a retest after hitting a major upside tgt @ 390. IBM…Raise the trailing stop … Continue reading