VIX ..is coming into the mvg average support level it needs to hold, matching the resistance and upside closing pivots in the Spu’s & Nasd.
Daily Market Intelligence 8-26-16
Spu’s want to have a look at the 1898.75 sell stops. VIX…24.70 is mvg avg resistance. Bears should let it breathe in here. This flow should continue into London’s close.
Stocks… Spu’s…1950 will act as resistance. Bonds … Bunds…154.58 is today’s resistance area 30 yr. Bonds…weaken under 157.22 close FX… The dollar is reacting to the Spu’s. You can’t buy strength or sell weakness. Commodities… OIL… 39.80 … Continue reading
The profit taking in the Dollar should continue into London’s close, along with the bottom fishing in the Energy & mining sectors. While I’m not willing to say that’s the low in the sectors, healthcare has seen the biggest profit … Continue reading
Stocks… Spu’s…2061.50 are where the near buy stops are. I’ve orders to take some money off the table @ 2064, just shy of today’s 2067 momentum #. Nasd 100…4408-25 is the first resistance zone. DAX…11,250 is resistance. 10,628 is 200 … Continue reading
Stocks… Spu’s…2083-86 is resistance. 2054 is the 2014 close, last night’s low. It will take a couple of closes under the 200 DMA to see a bigger correction. SHCOMP…4099 is the monthly ORL #. 3854 (.618 ) of the yr. … Continue reading