Tag Archives: Spu
TLT…Follow Up
Personally I think this will be another take it in the Shorts moment for the Risk off crowd. A likely scenario is the Indices hold the pattern. I’m not crazy about being short equities into month end. The Nasd … Continue reading
A.M. Look 2/25/14
Stocks… Spu/Bonds & Spu’s…did not put in an ORH pattern. Spu’s… need over 1847 for higher, or 1836-37 for a push lower. Nasd 100…(ENQH4) all session put in an ORH pattern yesterday, however the NYSE ( Chicago Pit session) did … Continue reading
Midday Missive
NFLX,GS,TSLA, EPH4, Spu/Bonds are all attempting ORH days. Today was a classic opening range trade in the Equities. Instruments opened on their lows broke out to the upside and kept going. Friday is month end. The swing count in the … Continue reading
A.M. Look 2/20/14
Stocks… Nasd 100…3633 is closing support. Spu’s…price recovery and a close over 1832 will lead to a test of the high. A failure @ 1832 (resistance) and a close below 1800 will lead to a test of 1730 again. SSO…shows … Continue reading
Late observations
Spu’s…1831.80 is today’s Pit ORL#. Closing below this level is price negative. 1820 is the first area of support. 30 yr. Bonds..this is attempting it’s second reversal day in a row. I’m not biting either way. It was a descent … Continue reading
A.M. Look 2/18/14
Stocks… Nasd 100…3633 is closing support. EWA…The Aussie shares have been on a tear. 25.18-36 is the closing resistance level. EWA could retest support @ 24.25 the lowest risk buy zone. Maintaining closes over 24.62 (the Monthly ORH#) is key … Continue reading
A.M. look 2/13/14
Stocks… Spu’s…1807 is the 50 day mvg avg. it will be pivotal all day. (firm above/weak below) Bonds.. 30 yr. Bonds…132.28-30 is resistance . FX… EUR/AUD…153 +- a few is resistance. AUD/USD…89.10-88.75 is support. USD/JPY…101.50-70 is Dollar support..Yen resistance (98.30-50 … Continue reading
Spu’s
Spu’s……1812-14 is resistance and the closing upside pivot. The market will be overextended here the first time up.. That means it’s a better exit zone than a level to initiate a new trade. Above…expect a test of 1829.50.
A.M. Look 2/10/14
Stocks… Nasd 100…3524 is support. SPU’s…still need closes over 1800 for higher. The first descent retrace is in the low 1770’s. GDX & GDXJ…have been creeping higher since Dec. They both look like they can rally another couple of dollars. … Continue reading
Equities
The market initially shrugged off the data by holding 1760 level Spu. Nikkei… 14,670 high was just over the 200 day mvg avg. Nikkei needs above this level for higher. The rest of the day will be run by the … Continue reading