Tag Archives: Spu
Gold
We have a potential double top in the Gold @ today’s high on the long term point & figure. Gold can be used as a surrogate to the Spu’s for short term trading. Risk On=Short Gold Risk Off=Long Gold
Midday Missive
Nikkei…13,900 becomes a big longer term hold level. Closes under 13,700 are price negative. Bottom fishers will be better served looking at the Oil patch. CVX,XOM aren’t breaking… COP has potential as long as it remains above 62.50. Spu’s…a rally … Continue reading
A.M. Look 2/4/14
Stocks… Spu’s…can still print into the 1720’s and rebound. Price action early will dictate the day. MSFT…put in an ORL day. Sustained price action and a close below 36.30 will signal a deeper correction. First stop would be a test … Continue reading
Midday Missive…
We’ve finally elected the intermediate sell stop in the Spu’s. As of this moment you’ll need sustained price action over 1763 for bottoming action. Trade your time frames!! It’s doubtful you’ll see any bottom fishing before London’s close. Anything over … Continue reading
A.M. Look 1/29/14
Stocks… Spu’s…I’m looking to buy around 1730 with a very tight stop. Presently, the Spu’s are holding point & figure support @ 1770. Last night’s early Asian high (1800) is my qtrly pivot for the S&P 500 Futures this qtr. … Continue reading
30 Yr. Bonds…TBT
30 yr. Bonds…reached our tgt level of 132.30. This was our preferred sell # It certainly didn’t print the level when I expected it to. I thought it would be yesterday not today. As of now the 30 yr. Futures … Continue reading
A.M. Look 1/24/14
Stocks… Spu’s…1800 is the downside support level. Bonds… 30 yr…133.15 is the upper end of our resistance area. TBT…70.40 would be a retest of the ORH qtr from 2013 when interest rates started to rise. This is a support area. … Continue reading
ORL Pattern Explanation
Today into tomorrow is when I’m looking for market direction to be confirmed. Will the Equity Indices hold up or go into profit taking mode? Spu/Bond spread is Long Equities ( S&P 500 Index/Short 30 yr. Treasuries) This helps us … Continue reading
Pattern Alert Spu’s
SPU/BONDS,SSO & Spu’s are all flirting with their respective ORL #’s. This means it will be another late day trade to see if the bears can gain any traction. I personally doubt it. GS…traded down to the 50 day mvg … Continue reading
A.M. Look 1/21/14
Stocks… Spu’s…the long term point & figure shows we still need to sustain higher on the year for new upside tgt’s. EWP…39.76 is support and the downside pivot. BRKA…17,100 is the 200 day mvg avg and support. Nikkei…put in … Continue reading