Tag Archives: Spu
VXX…Follow Up!
We bought some Portfolio Insurance off the potential double top in the Spu’s. Like yesterday, when the Equity Indices weakened, the Vix did not rally to confirm a break in the Indices! Given the potential chart pattern I bought a … Continue reading
Midday Missive
SCIF…Market vectors small cap India is holding. This has the potential to rally to 49 as long as it holds today’s low of 46.87. ORCL…needs a close over 40.85 to confirm higher. Spu’s…1960 is today’s key closing level to keep … Continue reading
Midday Missive
IWM…120.58 is the all time high. This is a caution zone for Bulls, not a level to keep buying without some more price action. Spu’s…1968-70 is resistance and the upside closing pivot. MSTR…breaks out of it’s consolidation phase with a … Continue reading
A.M. Look 6/27/14
Stocks… Spu’s…need over 1954 to rally anywhere. 1931 is the weekly ORL# on a daily chart, not a continuation. Nevertheless, that is what is needed for weakness. LNG…the end of month marking started yesterday. GPRO… this was a classic opening … Continue reading
A.M. Look 6/25/14
Stocks… VIX…12.50 is the 50 DMA. 12.90 looks to be the momentum # and upside pivot.14.00 is the 200 DMA and the next significant level. LNG…put in an ORL day. Price recovery over 67.40 will be needed to negate the … Continue reading
Midday Missive
AAPL…held it’s weekly breakdown # yesterday @ 91.35. This is the least risky stock on the board to own with a closing stop against this level going into month end. A close above 93 will be the start of another … Continue reading
Price Action Equity Indices
EEM is attempting an ORL day SPU’s …1913.50 will be the key hold # through tomorrow. This is the weekly ORL # Nasd 100…the mini’s are putting in an ORL day with a close below 3779.50, however the pit session … Continue reading
A.M. Look 6/10/14
Stocks… Spu’s…1931 is daily mvg avg support. Bonds Bunds…a close under 144.90 is 50 DMA support. This is a low risk buy zone with a very tight stop. FX… EUR/JPY…is poked below 138.70 (200 DMA). EURO….Yesterday I placed an order … Continue reading
A.M. Look 6/9/14
Stocks… IBM…185 is the 200 DMA support. Bonds Bunds…146.30-40 is resistance. FX… EUR/JPY…price action over 140.25-30 in this cross will keep a firm undertone to the Euro. GBP/USD…167.90 is neutral for the Pound. Good above/Negative below. Commodities… Corn…needs to close … Continue reading
A.M. Look 5/15/14
Stocks… Spu’s…sustained price action under 1882 is needed for a further sell off. Nasd 100…still needs under 3575 to do any pattern damage. DAX…9600 is today’s support. FTSE…6995 is the 1999 high with resting buy stops above. This is the … Continue reading