Tag Archives: Spu
A.M. Look 10/7/14
Stocks… SPU’s … the point & figure pattern shows a move back to 1928 is possible. Sustained price action above the high 60’s is needed to turn the pattern Bullish. IYT…closing below 148.25 would target 141 a test of the … Continue reading
A.M. Look 10/6/14
Stocks… SPU’s …need sustained price action back under 1954 to weaken. 1972 is today’s resistance and closing upside pivot. GOOGL…needs sustained price action and a close over 591 to held propel the indices higher.VIX…13.55 is support where the 50 & … Continue reading
A.M. Look 10/3/14
Stocks… SPU’s …need sustained price action back under 1928 to weaken. Everyone is looking at 1954 ish for resistance, however the Point & figure has room for a move as high as 1967, which would definitely screw the most amount … Continue reading
The late Show
Spu’s just corrected a full 100 points from the high. Bottom fishing is rampant with the Spu’s having just rallied 15 points off the low. The worst is over for now and traders will await tomorrow’s employment #. IWM elected … Continue reading
Midday Missive
The qtrly Equity Index charts are pretty ugly. I’m looking for 1875 +- a few in the Spu’s & 3800 Nasd 100. Closes over 1954 in the Spu is the only thing that will negate the targets. USD/JPY….is trying to … Continue reading
A.M. Look 9/30/14
Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 filled my downside objective for this move. Price action and a close … Continue reading
A.M. Look 9/29/14
Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 filled my downside objective for this move. Price action and a close … Continue reading
A.M. Look 9/26/14
Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 fills my downside objective for this move. 1973-4 is mvg avg resistance. … Continue reading
A.M. Look 9/24/14
Stocks… DAX…9560 is today’s 200 DMA. I’ve attached a DAX/BUND daily and weekly chart. This is Long Dax ( German Equities) vs Short Bund (German 10 Yr. Bonds). We’re at an inflection level in the spreads and the outright Dax. … Continue reading
A.M. Look 9/22/14
Stocks… IYT…put in a potential topping pattern with an ORL day. Price action and a close under 154.00 is needed for lower. X…put in a potential topping pattern with an ORL day. Sustained price action under 44.60 would leave way … Continue reading